The Bank's baseline scenario is that, although external demand is likely to be somewhat weak for the time being, it gradually will increase thereafter, and with the firm domestic demand, the economy is likely to continue on an expanding trend. However, my projection for fiscal 2019-2021 is around 0.5 percent to 1.0 percent, which is slightly below the potential growth rate.
To address this, the  Philippines has applied upgrades in the regulatory framework of its Bureau of Customs and subsequently employed cross-border measures in all the country’s major international sea and airports.