Asia Economic Research, Centennial Asia Advisors

Asees Bajaj

Asia Economic Research

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul><li>The Philippines is cementing itself as Southeast Asia's fastest growing economy - posting 7.3% y/y growth.</li><li>Strong domestic demand, a flourishing BPO industry and increasing FDI make the case for higher growth going forward.</li><li>However there are indications that the current account is swinging towards a deficit, which amidst the current global mood of risk aversion will constrain foreign investment and weigh on the Peso. The multiplier effects will affect economic growth.</li><li>Political developments could add to uncertainty; Duterte's intemperate remarks and hasty decision making do not bode well for foreign relations or the resilience of Philippines' institutions.</li></ul>

The Philippines is cementing itself as Southeast Asia's fastest growing economy - posting 7.3% y/y growth.Strong domestic demand, a flourishing BPO industry and increasing FDI make the case for higher growth going forward.However there are indications that the current account is swinging towards a deficit, which amidst the current global mood of risk aversion will constrain foreign investment and weigh on the Peso. The multiplier effects will affect economic growth.Political developments could add to uncertainty; Duterte's intemperate remarks and hasty decision making do not bode well for foreign relations or the resilience of Philippines' institutions.

The Philippines: High Growth Rates Depend on Policy Direction and Politics