RSS

Fitch sees 2015 GDP growth at 6.2%

13 Jan

BY F. YAP SECURITIES / 2TRADEASIA

Fitch forecasts Philippine growth to remain generally strong at 6.2% in 2015, 6% in 2016, based on the expected steady inflow of overseas remittances & continued strong performance of business process outsourcing (BPO).

The forecasts are below government’s 7%-8% target for 2015 & 2016, although faster than 6% average seen for emerging Asia, excluding China.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 728x90)
Get FREE stock analysis, special reports and brokers’ recommendations!

The growth for 2016 is similar with the rest of the region.

Fitch said the Philippines is relatively well poised to withstand any adverse impact from normalization of US monetary policy since it does not have large external funding needs in comparison with peers.

Advertisements
 
Leave a comment

Posted by on January 13, 2015 in Local News, Stock Market

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: