Economists raise PH growth forecast anew

This one from GMAnewsTV:

Economists believe that the country’s gross domestic product may continue to accelerate at a surprising growth as inflation remains slow.

In its quarterly report, “Philippines: Back to Normal,” New York-based think tank Global Source Partners projected that the country’s GDP may rise to 6.8 percent from its previous forecast of 6 percent.

Global Source kept next year’s economic forecast at 4.7 percent, according to the report.

“Economic momentum seems unlikely to wane significantly this year, with growth apt to settle between 6.5 to 7 percent, based on our estimates,” former Finance Undersecretary Romeo Bernardo and economist Margarita Gonzales said in the report.

What should be done with the rising peso?

Also it is worth remembering Alessandro Magnoli Bocchi’s paper, Rising Growth, Declining Investment: The Puzzle of the Philippines

Cocoy Dayao

Cocoy is the Chief Technology Officer of Lab Rats Technica, a Digital Consulting company that specialises in DevOps, iOS, and Web Apps, E-Commerce sites, Cybersecurity and Social Media consulting. He is a technology enthusiast, political junkie and social observer who enjoys a good cup of coffee, comic books, and tweets as @cocoy on twitter.

Cocoy is also the Managing Director and Editor-in-Chief of the ProPinoy Project.

Cocoy considers himself to be Liberal.

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