THE MARKET CALL (FEBRUARY 2019)
Here are the highlights of the February issue:
Macroeconomy
Investment-led spending, driven by heightened infrastructure work, major Public-Private Partnership (PPP) projects in full swing, plus renewed consumer spending should propel PH growth faster to 6.8%-7.2% in 2019. We expect consumer demand to pick-up, bolstered by further fall in headline inflation (to 3.1% per BSP) and election-related spending, which in turn will generate more employment, should further boost domestic demand.