MayBank Investment Banking Group (MIBG) on Wednesday said it expects Philippine economic growth, as measured by gross domestic product (GDP), to slow down this year mainly due to global headwinds. Know more:
MAYBANK Investment Banking Group on Wednesday said it expects Philippine economic growth, as measured by gross domestic product , to slow down this year mainly due to global headwinds.
Dzulkafli said they expect the Monetary Board of the the Bangko Sentral ng Pilipinas to cut rates by 225 basis points by next year to keep up with the US Federal Reserve’s forecasted rate cut. “I think there’s going to be disruptions in terms of supply of fertilizer, which I think will continue to push up to keep food prices elevated,” Dzulkafli said.“The peso this year has been fairly stable. But, of course, the depreciating peso against the US dollar and against trading partners’ [currencies], I think, will put upward pressure on inflation from the high input cost, especially with the infrastructure [projects pushed] by the government,” Dzulkafli said.
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