Annual Information Service
Philippines Country Risk Report Q2 2020
|Published by||Fitch Solutions, Inc.||Product code||203087|
|Published||annual subscription||Content info||65 Pages|
|Philippines Country Risk Report Q2 2020|
|Published: annual subscription||Content info: 65 Pages||
We forecast growth in 2020 to come in at 6.1%, up from a revised forecast of 6.0% in 2019.
We expect the Banko Sentral Ng Pilipinas (BSP) to deliver a further 25bps rate cut in 2020 to 3.75%, with potential adjustments to the reserve requirement ratio
A shift away from the West and Duterte's more populist rhetoric could upset existing trade relations with major economic partners like the US and the EU.
The Philippines is increasing economic linkages and exposure to China (and moving away from the West), at a time when the US and China are experiencing rising
trade tensions. A deterioration in US-China trade relations could weigh on demand across the Asia region and weaken Chinese investment into the Philippines.
Philippines' twin deficits leave it somewhat exposed to a sudden bout of risk-off sentiment, with inflation a risk were the peso to weaken significantly.
Philippines Country Risk Q2 2020fitchsolutions.com