2019 GDP growth seen reboundinghome/Business/Top Business/2019 GDP growth seen reboundingDomestic demand should offset a weaker global economy and allow the Philippines to post a growth rebound to 6.8-7.2 percent this year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest issue of their “The Market Call” report. Thus, we see GDP growth accelerate to 6.8 percent to 7.2 percent for the full year 2019,” they added. Economic growth slowed to 6.2 percent last year, from 6.7 percent in 2017, as inflation surged past the2.0-4.0 percent target. The upper end of FMIC and the UA&P’s 2019 projection falls within the official 7.0-8.0 percent target for the year. Thus, we expect double-digit investment spending growth in 2019,” FMIC and the UA&P said.

Source: Manila Times January 31, 2019 16:39 UTC