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Country Forecast Philippines Updater Product Image

Country Forecast Philippines Updater

  • Published: July 2014
  • Region: Philippines
  • 18 Pages
  • The Economist Intelligence Unit

The Philippines' political scene will remain relatively stable in the forecast period. At the May 2013 mid-term elections the "Team PNoy" coalition of the president, Benigno Aquino, secured a majority in both houses of Congress, ensuring that he has the support to make good progress on his reform agenda.

Despite prompting large-scale public demonstrations in the capital, Manila, in October 2013, the ongoing "pork barrel" scandal is set to strengthen Mr Aquino's standing in Congress vis-à-vis legislators, following a Supreme Court ruling abolishing the Priority Development Assistance Fund. Congressmen must now lobby executive departments directly for approval of their pet projects before finalisation of the budget.

Ongoing high levels of poverty and inadequate employment opportunities at home will also weigh on the political scene. The lack of a comprehensive rehabilitation plan several months after Typhoon Haiyan hit the country raises questions about the lasting damage of the disaster.

Country Forecast Philippines Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

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

Fact sheet

Outlook for 2014-18: Political stability

Outlook for 2014-18: Election watch

Outlook for 2014-18: International relations

Outlook for 2014-18: Policy trends

Outlook for 2014-18: Fiscal policy

Outlook for 2014-18: Monetary policy

Outlook for 2014-18: Economic growth

Outlook for 2014-18: Inflation

Outlook for 2014-18: Exchange rates

Outlook for 2014-18: 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
Abbreviations

Note: Product cover images may vary from those shown

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