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Philippine Growth Will Exceed 6% in 2018, Moody's Says

  • Real GDP growth forecast at 6.5% this year, 6.8% in 2018
  • Expanded military rule in south could undermine confidence
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Photographer: Taylor Weidman/Bloomberg

Moody’s Investors Service forecast that Philippine economic growth will exceed 6 percent until next year, and said the conflict in the south and a deadly drug war pose a rising risk but is unlikely to derail the economy.

Gross domestic product will expand 6.5 percent this year and 6.8 percent in 2018, the rating company said in a statement on Friday. It cited the government’s focus on infrastructure, buoyant private sector investment and the recovery in external demand.