One of the reasons for our positive view on the Philippines is the important role that remittances play in the economy. Not only do remittances provide a useful support to economic growth but, by keeping the current account in surplus, they also make the Philippines well-placed to withstand any repeat of the 2013 “Taper Tantrum” as the Fed starts to hike interest rates.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services