Philippine Economy Talk

[A121]

which is why the government's 7 to 8 percent growth target is no longer attainable

BECAUSE:

The only bright point is that we've never achieved that kind of growth in the past. LOL.

[uls]

Moody's says Philippine economy may expand at a slower pace because of inflation but growth rate is unlikely to fall below 6% next year

World Bank cut 2018 growth forecast for the Philippines to 6.5%, 6.7% in 2019 and 6.6% in 2020

High inflation a risk to growth as it could dampen consumption and investment

me: lower


-------------------

[Woof]

^ Agree, lower indeed. At this point I worry if the Philippines' investment grade rating would be retracted... I've been realigning my portfolio strategy. Mahirap nang ma double whammy ng forex and capital loss.

[Monseratto]

[uls]

yes even if Dubai crude was 80 dollars back in 2014 USDPHP was 45 and below

USDPHP

[uls]

there was massive dollar liquidity in 2014

the Fed's QE program started in 2008

by 2014 the Fed has printed 4.5 TRILLION dollars

[uls]

part of that dollar liquidity flowed to EM like PH

the massive inflow of dollars drove up PHP value (remember USDPHP = 40?)

this time is soooooo different from 2014

the Fed is doing reverse QE

dollar liquidity is being sucked out of EM

[Monseratto]

Stock Market is setting for a sell-off tomorrow when PSA releases September inflation figures... If it's way off the BSP figures, expect to see bloody red all over.

PSE index

7,093.34
Down-117.53
Down-1.63%▼

[uls]

part of that dollar liquidity flowed to EM like PH

the massive inflow of dollars drove up PHP value (remember USDPHP = 40?)

this time is soooooo different from 2014

the Fed is doing reverse QE

dollar liquidity is being sucked out of EM

continuation:

tapos etong admin meron dollar-hungry build build build

wtf man

not now

not when there's dollar scarcity

[Dr. Strange]

continuation:

tapos etong admin meron dollar-hungry build build build

wtf man

not now

not when there's dollar scarcity

they need this projects for the SOP