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Country Forecast Philippines Updater Product Image

Country Forecast Philippines Updater

  • ID: 2114066
  • October 2014
  • Region: Philippines
  • 17 Pages
  • The Economist Intelligence Unit

The president, Benigno Aquino, faces greater scrutiny after a budgetary programme was deemed unconstitutional by the Supreme Court in July 2014. However, three impeachment motions brought against Mr Aquino were dismissed by Congress in early September. The president is protected from impeachment motions for 12 months, as under Philippine law officials may face such proceedings only once in a year. The Economist Intelligence Unit therefore expects Mr Aquino to complete his term and to stand down as planned in 2016.

Nonetheless, the court ruling represents a heavy political blow against the president and could weaken his ability to push through reforms to boost good governance and economic growth. Although no allegations have been made that Mr Aquino or other top officials used the programme to line their pockets, there is growing concern over the president's wide powers to realign and move funds around, which may prompt reforms to economic governance.

Ongoing high levels of poverty and inadequate employment opportunities will weigh on the political scene in the remainder of Mr Aquino's term. 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: The Philippines' business environment at a glanc
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 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
Abbreviations

Note: Product cover images may vary from those shown

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