Political uncertainty could weigh on growth

Philippine economic growth may end up weaker than expected given signs that investors are being discouraged by the political climate, a research consultancy said.

“Whereas both the consensus and the IMF (International Monetary Fund) are expecting growth over the next five years of around 6.5 percent 7 percent, we think growth is likely to be closer to 6 percent,” London-based Capital Economics said in a report authored by Alex Holmes.