PH economy seen rising 6.3% in 2020

THE Philippine economy is likely to grow to 6.3 percent this year on the back of strong consumption, easy monetary policy and double-digit corporate earnings, according to an analyst.

At Insular Life’s (InLife) 2020 economic outlook briefing in Makati City on Wednesday, Ivan Ante, global multi-asset portfolio manager at ATR Asset Management, said they expected the country’s “GDP to grow 6.3 percent this year. Where will it come from? Robust consumption, which is the first pillar of growth, and the second is a comeback of government expenditure.”