Philippine growth seen 'fairly decent' in 2019: JP Morgan


Posted at Feb 21 2019 10:44 AM | Updated as of Feb 21 2019 10:56 AM

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MANILA – The Philippine economy can grow above 6 percent in 2019, as the US Federal Reserve pauses from raising interest rates, an analyst said Thursday.

A less hawkish Fed and a weakening dollar will be "positive" for emerging markets like the Philippines, said Ian Hui, global market strategist for JP Morgan Asset Management. 

Some China-based manufacturers are also seen moving their bases to the ASEAN due to the uncertainty from the US-China trade war, he said.

"We are seeing fairly decent growth prospects in the Philippines," Hui told ANC’s Early Edition. 

"If we see the dollar weaken, that would also benefit the emerging markets overall. Philippines, I do see that as positive among all of the Asian countries right now," he added.