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Country Forecast Philippines Updater Product Image

Country Forecast Philippines Updater

  • ID: 2114066
  • December 2014
  • Region: Philippines
  • 16 Pages
  • The Economist Intelligence Unit

The Economist Intelligence Unit expects the president, Benigno Aquino, to complete his term and stand down in 2016, following the dismissal of impeachment motions against him in September 2014. The president is protected from further impeachment motions for 12 months, as, under Philippine law, officials may face such proceedings only once in any given year.

Mr Aquino nevertheless faces greater scrutiny, after a budgetary pro-gramme was deemed unconstitutional by the Supreme Court in July 2014. The court ruling represents a heavy political blow against the president, and could weaken his ability to push through reforms to improve governance and boost 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, and this may prompt future reforms to economic governance.

In a major policy victory for Mr Aquino, a comprehensive peace agreement was signed between the government and the Moro Islamic Liberation Front (the main rebel group on the island of Mindanao) in March 2014. The Bangsamoro Basic Law, which was submitted to Congress (the legislature) in mid-September, is likely to be approved in early 2015, establishing a new autonomous region on Mindanao.

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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
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

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Note: Product cover images may vary from those shown

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