Philippine economic growth may end up weaker than expected given signs that investors are being discouraged by the political climate, a research consultancy said. It noted that rapid investment growth — averaging above 10 since 2010 — was one of the factors that enabled the Philippines to escape the “sick man of Asia” tag. However, investment as a share of gross domestic product (GDP) is still lower than elsewhere in the region, Capital Economics said. “If the Philippines is to maintain rapid growth it requires more capital deepening. The upshot, Capital Economics said, is that increased political uncertainty was likely to drag heavily on investment despite the government’s ambitious infrastructure plans.

Source: Manila Times October 31, 2017 17:26 UTC