THE MARKET CALL (APRIL 2017)
Here are the highlights of the April issue:
Macroeconomy
The current account’s positive balance should hold with OFW remittances enough to cover balance of trade deficits. The economy should expand by 6.5% to 7% in Q1-2017 with exports providing the new boost to robust domestic demand. Strong consumer spending and sustained manufacturing sector activity will continue to propel domestic demand, bolstered by OFW remittances. Inflation should stabilize at 3.5% up to Q3, thanks to easing food prices and crude oil prices, reeling from abundant supply and more oil from shale.