Domestic demand should offset a weaker global economy and allow the Philippines to post a growth rebound to 6.8-7.2 percent this year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest issue of their “The Market Call” report.

“With investment spending keeping high altitudes and consumer spending supported by inflation sharply falling into below-4 percent year-on-year by Q1-2019 and election spending that has started in November 2018, we think that GDP (gross domestic product) growth will rebound starting 2019,” they said.