Do we have information to make the right call? The balance of information that we have suggests that it is indeed an opportune time. Betting on the Philippines We at the BSP remain optimistic about the Philippine economy’s prospects, especially as economic activity continues to gain traction across the globe.
According to the latest figures released by the IMF, global GDP growth reached 3.8 percent in 2017, the fastest pace since 2011 as investment and trade continued to pick up. The IMF now forecasts the global economy to grow by about 3.9 percent in 2018 and 2019, as accommodative policies support the stronger growth impulses in advanced and emerging economies alike.