The government’s catch up spending and the possible signing of the phase one trade deal between the United States and China could help boost exports and imports, an analyst from the Rizal Commercial Banking Corporation (RCBC) said.
“For the coming months, both imports and exports could start to pick up after the phase one US-China trade deal to be signed on Jan. 15, 2020, as a step in the right direction to somewhat ease the lingering US-China trade war since July 2018 and eventually lead to some pick up in global economic growth and global trade, including some pick up in the growth of Philippine exports and imports as well,” said RCBC chief economist Michael Ricafort.
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