2013 Outlook, part 1By Randell Tiongson on January 8th, 2013
2012 was truly an eventful year. At the beginning of 2012, most experts were optimistic of the Philippine economy and investments, though cautiously. The country delivered beyond expectations particularly in economic growth and the stock market. The Aquino administration gained much respect and trust not only locally but also internationally which made us look good in the eyes of many.
Credit upgrades, OFW remittances, strong peso and a bullish investment market were the stars of 2012 but will 2013 continue to deliver?
Will the stock market continue to rise? Aren’t prices over-heating? Are we going to experience a real estate bubble soon? Can the economy continue to sustain it’s growth? Will interests rates ever go up again? Can the government sustain its infrastructure projects? Will the OFW remittances continue to grow? Will the economic gains actually trickle down to the masses? Will poverty levels improve? What happens to the economy if the peso continues to strengthen? Will employment numbers improve? Will we also improve our under-employment situation? Will we get that much coveted ‘investment-grade’ status? How will elections affect the economy and the market? Will the price of oil stabilize? How will the European and U.S. economic woes affect us? Will BPO still be a vital industry in the coming years?
So many questions and honestly, we really don’t have all the answers. However, continue reading this blog series and get the insights and outlooks of people and institutions I admire and respect.