The central bank believes the Philippines will sustain its growth momentum despite the risk posed by uneven global economic conditions and divergent monetary policies abroad, but analysts see the need for stronger buffers such as against a strengthening US dollar.

The Bangko Sentral ng Pilipinas (BSP) said in its Fourth Quarter Report on Economic and Financial Developments it is closely monitoring countries with which it has strong trade ties, where Filipino workers have been deployed and where tourists are expected to come from the Association of Southeast Asian Nations, United States, Europe, Japan and China.

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