The Philippines Economic Forecasts
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Latest the Philippines economic forecasts have suggested that continuous depreciation faced by the Philippines peso could result in rates of inflation reaching an all time high in February. Philippines’ economic forecasts have confirmed that this rate could be ranging within 6.6 and 7.5 percent.
However noted financial experts, as part of their economic forecasts of Philippines have reiterated that there is still enough scope for central bank to cut down on rates of interest. They have said that water rates would go up in near future as well.
Latest the Philippines economic forecasts have suggested that continuous depreciation faced by the Philippines peso could result in rates of inflation reaching an all time high in February. Philippines’ economic forecasts have confirmed that this rate could be ranging within 6.6 and 7.5 percent.
However noted financial experts, as part of their economic forecasts of Philippines have reiterated that there is still enough scope for central bank to cut down on rates of interest. They have said that water rates would go up in near future as well.
According to economic forecasts in the Philippines it has been learnt that prices of a few food items would go up in fiscal 2009. It has been also revealed that prices of gasoline would go up as well. All these factors are supposed to play a major role in increasing levels of inflation in Philippines as revealed by Amando Tetangco, governor of central bank as part of his economic forecasts at Philippines.
Market watchers in this south Asian nation have noted in their economic forecasts for Philippines that central bank can still deduct their rates of interest by as much as 50 basis points. As per their estimates main aim behind this move would be to help with economic growth of Malaysia and deal with deceleration of prices over a longer period of time.
It is expected as per Philippines economic forecasts that in fiscal 2010 budget deficit would be touching $2.69 billion mark. That would account for 1.5 percent of gross domestic product for that particular year.
Philippines economic forecasts for 2009 fiscal reveal that budget deficit for that year would be equivalent to 2.2 percent of its gross domestic product. It is also being estimated that in fiscal 2010 rate of growth for Philippines economy would be ranging between 4.9 and 5.8 percent. In 2009 fiscal this rate is supposed to be ranging from 3.7 percent to 4.4 percent.
As per Philippines economic forecasts it has also been predicted that in 2010 imports would go up and would range within 12 -14 percent. It has also been estimated that in fiscal 2009 imports for Philippines would depreciate at a rate of 8 or 9 percent.
