Inflation is manageable at 2.5 percent in the first nine months of the year, and is seen to settle between 1.75–3.75 this year, and 2.0 to 4.0 percent next year and in 2022. Favorable inflation provides an enabling environment for growth. 1/5  BIS central bankers' speeches  This gives room for the BSP to further ease monetary policy, in case needed.
Exports and imports will rebound from negative territory this year to 5.0-percent and 8-percent growth, respectively, next year. FDIs will rise to USD 7.0 billion next year. Overseas Filipino remittances will rebound from a contraction of 2 percent this year—an improvement from our previous forecast of 5 percent contraction—to a growth of 4 percent next year.