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Global Economic Outlook

Philippines: 2011 Outlook

By Mikka Pineda

  • Emerging market demand for electronics, as well as fiscal stimulus measures in the U.S., will support Philippine exports.
  • Though unemployment will remain among the highest in the region, the robust flow of remittances will keep consumer demand intact.
  • A hefty public debt has prompted the government to change tack and seek private-sector funding for infrastructure investment.

Growth Dynamics: Post-Stimulus Hangover

The Philippines underwent a stunning recovery in 2010, shooting back to its precrisis GDP growth rate. After posting

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