Portfolio funds aggregating $13.13 billion fled the country in 2023
Speculative investments that flowed inward on net basis in 2022 reverted to a net outflow last year when interest-sapping high inflation helped make the Philippines one of the more costly places to make an investment in 2023.
Growth outlook seen quicker than 6% over three years
The Philippines is seen growing its economy at a rate faster than six percent in terms of the gross domestic product (GDP) between this year and 2026, the financial information and analytics firm S&P Global recently reported.
ADB projects below-target 5.7% growth for the Philippines in 2023
The Philippines in 2023 is projected to post growth, measured as the gross domestic product (GDP), averaging lower than the official growth target of 6 to 7 percent to only 5.7 percent, according to the Asian Development Bank.
FDIs flowed inward over 10 months in 2023 but sharply lower to only USD6.5 billion
Foreign direct investments (FDI), useful both as a measure of and as vehicle for economic advancement, flowed inward on net basis in the first 10 months last year but stood 17.5 percent lower to only USD6.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Food price pressure seen still elevated in Metrobank inflation forecast
Food-driven price pressures figure high in some of this year's inflation forecasts, such as that seen by the Metropolitan Bank and Trust Co. (Metrobank) which has retained its original 4.3 percent inflation print in 2024.
