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.
Having apparently moderated a little late in 2006 and early 2007, it began to show higher readings around the middle of 2007 and by the end of the year had reached about 3½ per cent in underlying terms.