Strong fundamentals to insulate PH from shocks

The Philippines will likely have a bumpy ride this year given external volatilities but strong fundamentals will help limit the shocks, economic managers claimed.

Officials of the Department of Finance, National Economic and Development Authority (NEDA) and the Department of Budget and Management expressed confidence that the Philippines would be able withstand a slowdown in China, heightened market volatility and tighter global financing conditions, sharp US dollar gains, and weaker-than-expected high-income country growth and trade.