Philippines Macroeconomist/Strategist

Jun Trinidad

Macroeconomics

Philippines Stock Exchange PSEi Index (PCOMP INDEX)

Executive Summary: Non-consumption sources provided the lift to 1Q18 GDP growth. While HH consumption was subdued amid rising inflation and TRAIN’s effects, key discretionary expenditure items remained vibrant. With upbeat domestic demand intact, risk to GDP from monetary tightening would not be a hindrance to policymakers’ decision to hike its policy rate in today’s (May 10) meeting. <hr>Fiscal expenditures and private investments led the growth triggers1Q18 GDP turned robust (6.8%YoY vs 6.5%YoY in…

Executive Summary: Non-consumption sources provided the lift to 1Q18 GDP growth. While HH consumption was subdued amid rising inflation and TRAIN’s effects, key discretionary expenditure items remained vibrant. With upbeat domestic demand intact, risk to GDP from monetary tightening would not be a hindrance to policymakers’ decision to hike its policy rate in today’s (May 10) meeting. Fiscal expenditures and private investments led the growth triggers1Q18 GDP turned robust (6.8%YoY vs 6.5%YoY in…

Returning to Robust GDP Growth