Security Bank economist Robert Dan Roces said the country’s GDP growth is seen further rising to 6.5 percent in the fourth quarter, bringing the full year expansion to 5.95 percent. “With the 6.2 percent growth print in 3Q, we expect the Philippines to continue to chase full year growth of 6 percent to keep the string of strong growth alive,” Mapa said. Noelan Arbis, economists at British banking giant HSBC, said there is marginal upside risks to its full-year growth of 5.7 percent for 2019 after a stronger than expected GDP growth in the third quarter. “The Philippine economy is back in stride, and we expect the pace of growth to pick-up again in 4Q,” Arbis said. HSBC sees growth picking up to 6.3 percent in 2020, supported by a sustained private consumption and fixed investment growth outlook.

Source: Philippine Star November 16, 2019 16:00 UTC