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Country Forecast Philippines Updater

  • ID: 2114066
  • August 2016
  • Region: Philippines
  • 16 Pages
  • The Economist Intelligence Unit
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The mayor of Davao City, Rodrigo Duterte, unequivocally won the presidential election on May 9th and began his six-year term on June 30th. His decisive victory means that the coming transition in government and the immediate post-transition period will carry less risk of political instability than The Economist Intelligence Unit had previously expected.

An administration led by Mr Duterte has already started to throw up serious questions over the rule of law. A divisive and populist candidate, the new president made several controversial statements and pledges throughout the campaign period. His platform mainly centred on issues of domestic security and pledges to eradicate crime. Since he came into office, the body count of suspected drug dealers and users has been rising at an alarming rate.

In February the outgoing Congress failed to pass the Bangsamoro Basic Law (BBL) before it went to recess ahead of the election campaign period. The BBL was devised after decades of negotiations with Muslim separatists in Mindanao and would have established a new autonomous region. The new govern-ment seems better placed to tackle this issue than its predecessor. Mr Duterte has suggested that his administration will focus on federalising governance in order to provide more authority and capital to local authorities.

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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 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 2016-20: Political stability

Outlook for 2016-20: Election watch

Outlook for 2016-20: International relations

Outlook for 2016-20: Policy trends

Outlook for 2016-20: Fiscal policy

Outlook for 2016-20: Monetary policy

Outlook for 2016-20: Economic growth

Outlook for 2016-20: Inflation

Outlook for 2016-20: Exchange rates

Outlook for 2016-20: 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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