{"id":71405,"date":"2016-02-27T02:30:46","date_gmt":"2016-02-27T07:30:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=71405"},"modified":"2016-02-27T02:30:46","modified_gmt":"2016-02-27T07:30:46","slug":"phl-economy-seen-expanding-in-q1","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/02\/27\/phl-economy-seen-expanding-in-q1\/","title":{"rendered":"PHL economy seen expanding in Q1"},"content":{"rendered":"<figure id=\"attachment_59946\" aria-describedby=\"caption-attachment-59946\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg\" rel=\"attachment wp-att-59946\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-59946\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg\" alt=\"(ShutterStock image)\" width=\"1000\" height=\"669\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564-300x201.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-59946\" class=\"wp-caption-text\">(ShutterStock image)<\/figcaption><\/figure>\n<p>MANILA \u2013 Prospects for the Philippine economy remain bright in 2016, as gross domestic product (GDP) is forecast to expand at a faster pace in the first quarter ahead of the May elections.<\/p>\n<p>\u201cWe think GDP should expand at a faster pace in first quarter 2016 as the government keeps the taps open as election day nears, consumer spending still strong, especially when compared to a fairly low base in the same quarter last year,\u201d said First Metro Investments Corp. (FMIC)-University of Asia &amp; Pacific (UA&amp;P) Capital Markets Research.<\/p>\n<p>In the latest issue of its Market Call, FMIC-UA&amp;P said the economy should slow down in third quarter, but resume its robust growth in fourth quarter.<\/p>\n<p>It sees brighter outlook for the economy this year despite various challenges such as the weak global economy and the effects of El Ni\u00f1o.<\/p>\n<p>\u201cContinuing low crude oil prices, going below USD 30 per barrel (WTI) in most of January, should provide a balancing factor to expected higher food prices in the face of El Ni\u00f1o and election spending,\u201d added FMIC-UA&amp;P.<\/p>\n<p>It said exports may only slightly improve in 2016 given the troubles plaguing the global economy and peso\u2019s competitiveness undermined by the larger depreciation in East Asia and emerging markets.<\/p>\n<p>\u201cWith relatively weak exports and OFW (overseas Filipino workers) remittances compared to the past, and the US (United States) economy poised to expand further, albeit at a historically lower trajectory, should continue to pressure the peso. However, we expect greater volatility since the US growth may not be linearly upward bound,\u201d it said.<\/p>\n<p>The country\u2019s GDP grew 6.3 percent in the fourth quarter of 2015 driven by investment and consumer spending, bringing full-year growth at 5.8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Prospects for the Philippine economy remain bright in 2016, as gross domestic product (GDP) is forecast to expand &hellip;<\/p>\n","protected":false},"author":33,"featured_media":59946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95],"tags":[9640],"class_list":["post-71405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","tag-pna","mauthors-leslie-venzon","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/71405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=71405"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/71405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/59946"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=71405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=71405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=71405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}