newsare.net
The peso may weaken to 54 against the US dollar through next year but this is a «manageable» adjustment necessary for the country to address infrastructure bottlenecks and sustain a higher growth path, a top economist of Ayala-led Bank of the PhilPeso to weaken to 54:$1
The peso may weaken to 54 against the US dollar through next year but this is a «manageable» adjustment necessary for the country to address infrastructure bottlenecks and sustain a higher growth path, a top economist of Ayala-led Bank of the Philippine Islands (BPI) said. After sustaining a gross domestic product (GDP) growth rate of more than 6 percent for six straight years, BPI economist Emilio Neri Jr. said the Philippines was moving toward a higher growth trajectory, likely to hit 6.8 percent this year and 7.2 percent in 2019 on the back of the government's massive infrastructure spending. "The golden age of infrastructure didn't happen last year but we expect a significa...Keep on reading: Peso to weaken to 54:$1 Read more