Presentation of Jay Penaflor for the WSPH organized 12th HR Learning EB

1. 3/8/13
Philippine
Economic
Outlook
2013
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HEADER
Economic
Snapshot
Indicator 2010 2011 2012
GDP Growth (in %) 7.6 3.7 6.6
Ave. Inflation (in %) 3.8 4.8 3.2
Monetary
Environment
Exchange Rate, 43.89 43.93 41.19
End of Period
GIR (in US$ Bn) 62.37 75.30 84.25
Ave. 91-Day T-Bill 3.73 1.37 0.18 (Nov)
Credit
Upgrades
Rate (in %)
7-Year T-Bond Rate, 5.28 5.02 3.98 (Nov)
• Moody’s:
Ba1
(Stable)
Latest Auction (in %)
• Fitch:
BB+
(Stable)
Debt to GDP Ratio 52.4 50.9 50.5 (Sep)
• S&P:
BB
(PosiIve)
(in %)
Unemployment Rate 7.3 7.0 6.8 (Oct)
(in %)
Business
Confidence
WEF 85 75 65
Competitiveness
Ranking
Sustained
Economic
Growth
Source:
Na0onal
Sta0s0cs
Office,
Bangko
Sentral
ng
Pilipinas,
Department
of
Treasury,
World
Economic
Forum’s
The
Global
Compe00veness
Report
1

2. 3/8/13
Success
Factors
in
2012
• Good
governance
• OFW
Dollar
RemiPances
propelled
consumer
spending
to
higher
levels
• Business
Process
Outsourcing
created
the
much
needed
jobs
• Strong
inflows
from
foreign
investment
funds
• Contained
inflaIon
levels
• Favorable
interest
rates
• Sterling
fiscal
and
monetary
posiIon
• Flourishing
tourism
industry
ROP
vs.
Other
Asian
Countries
2

3. 3/8/13
Economic
Snapshot
Economic
Snapshot
3

4. 3/8/13
Economic
Snapshot
Lower
Self-­‐Rated
Poverty
4

5. 3/8/13
Economic
Snapshot
Success
Factors
in
2012
Philippines
“New
Tiger
of
Asia”
“New
Darling
of
Global
Investors”
Second
most
progressive
stock
market
in
the
world
in
2012
5

6. 3/8/13
Catalysts
for
Growth
in
2013
• Good
Governance
• Credit
RaIng
Upgrade
–
Investment
Grade
• Intensified
Infrastructure
Spending
through
PPP
• Stronger
Business
Process
Outsourcing
• Stronger
inflows
of
OFW
Dollar
RemiPances
and
Foreign
Direct
and
PorZolio
Investments
Catalysts
for
Growth
in
2013
• Contained
InflaIon
levels
and
favorable
Interest
Rates
environment
• Healthier
fiscal
and
monetary
posiIon
• Flourishing
Tourism
and
Leisure
Industries
• ElecIon
Spending
• Improving
Global
Economy
• Flourishing
Capital
Markets
6

7. 3/8/13
Rosy
Philippine
Economic
Outlook
for
2013
• Philippine
Government
6-­‐6.5%
• First
Metro
Investment
CorporaIon
7.5-­‐8%
• World
Bank
6.2%
• HSBC
5.9%
• InternaIonal
Monetary
Fund
6%
• ADB
6.2%
Leading
Economic
Indicators
2013
7

8. 3/8/13
Thank
You!
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