Investor Presentaiton
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Our Macroeconomic View
Philippine Debt-to-GDP (in %)
2003:
71.4
Philippines
1H2020:
48.1
2019: 41.5
2015
2016
2017
2018
2019
1H2020
Source: Philippine Bureau of Treasury
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Despite an increase in government
borrowings to address the impact of
the pandemic, Debt-to-GDP remains
in manageable levels
2019: 5.9
Philippine Consumption Expenditure Growth (in %)
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2Q2020
-
Can still afford to borrow money
without endangering the economy
2Q2020: 15.5
BSP considered one of the best
central banks among emerging
markets
Source: World Bank
Gross International Reserves (GIR) of
USD98 Billion, record high
Private consumption accounts for
over 70% of Philippine GDP
Annual consumption growth averaged
5.5% for the past 10 years
As a consumption-driven economy,
the Philippines was greatly affected by
the lockdown restrictions
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