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Country Forecast Philippines Updater Product Image

Country Forecast Philippines Updater

  • ID: 2114066
  • May 2015
  • Region: Philippines
  • 19 Pages
  • The Economist Intelligence Unit

The Economist Intelligence Unit expects the president, Benigno Aquino, to complete his term and to stand down in 2016, despite the public backlash following a botched police raid in Mindanao in January 2015. Mr Aquino has come under fire for allowing his close friend and police chief, Alan Purisima, to play a role in planning and supervising the operation, even though the latter had been suspended since December 2014 owing to a corruption investigation.

The president is likely to have difficulty building a broad political consensus for the most contentious remaining items on his policy agenda following the Mindanao clash, as his public-approval ratings have since plunged. He also faces greater scrutiny, after a budgetary programme was deemed unconstitutional by the Supreme Court in 2014. The court ruling was a heavy political blow, and could weaken Mr Aquino's ability to push proposed reforms to improve governance and boost economic growth through Congress.

The Mindanao clash could delay the passage in Congress of the Bangsamoro Basic Law, which sets out the entire legal framework for the new autonomous Muslim region in Mindanao. The incident was the first breach of the fragile truce that has existed in the southern region since the government and the Moro Islamic Liberation Front (the main rebel group in Mindanao) signed a comprehensive peace agreement in 2014.

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Country Forecast Philippines Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: The Philippines' business environment at a glanc
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2015-19: Political stability

Outlook for 2015-19: Election watch

Outlook for 2015-19: International relations

Outlook for 2015-19: Policy trends

Outlook for 2015-19: Fiscal policy

Outlook for 2015-19: Monetary policy

Outlook for 2015-19: Economic growth

Outlook for 2015-19: Inflation

Outlook for 2015-19: Exchange rates

Outlook for 2015-19: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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