FMIC, UA&P sees strong 2014 GDP performance

An economic report from First Metro Investments Corp. (FMIC) and University of Asia and the Pacific (UA&P) has stated that despite slower gross domestic product (GDP) growths and increased inflation rates, the Philippine economy will continue to remain strong and robust throughout 2014.

Roberto Juanchito Dispo, FMIC president, said in The Market Call that the outlook for the Philippine economy, or GDP growth, will remain positive as domestic demand “remains intact,” external demand will pick up, and government will increase spending for areas hit by Super Typhoon Yolanda.