Country Economic Forecasts > Philippines - Oxford Economics Services

Country Economic Forecasts > Philippines

Country Economic Forecasts > Philippines - Oxford Economics Services
Country Economic Forecasts > Philippines
Published Jun 02, 2016
11 pages — Published Jun 02, 2016
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

GDP growth accelerated to 6.9% in Q1 2016, benefiting from large rises in household spending and investment. Given the ongoing strength of domestic demand, we maintain our forecast of 6.3% GDP growth for the year as a whole. However, weak trade remains a dampener on growth, with the trade deficit widening to US$5.5bn in Q1 2016 from US$4.5bn in the previous quarter, as subdued global demand curbs exports and strong domestic demand sucks in imports.While the central bank kept policy rates unchanged at the May policy meeting, it will be introducing a new monetary policy framework the Interest Rate Corridor (IRC) this month. The overnight lending facility rate of 3.5% will form the ceiling while the overnight deposit facility rate of 2.5% will form the floor. The overnight reverse repo rate will be the centre of the corridor at 3.0%. We do not expect the lowering of the RRP to 3.0% from 4.0% to have any significant impact as market rates are already close to the floor of the current system.

  
Source:
Document ID
335737
Country
Format:
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Sections

Title
Philippines:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Philippines" Jun 02, 2016. Alacra Store. May 18, 2025. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Philippines-2111-5947>
  
APA:
Oxford Economics Services. (2016). Country Economic Forecasts > Philippines Jun 02, 2016. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Philippines-2111-5947>
  
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