ECONOMISTS at ANZ Research have revised upward the bank’s growth forecast for the Philippines for this year and 2017, taking into account an above 7% expansion seen during the third quarter and the sustained strength in private investment which are seen supporting the country’s robust growth story.
THE NEW administration should try to diversify the country’s growth drivers to maximize its potential, economists from the Australia and New Zealand (ANZ) Banking Group Ltd. said, as risks from underspending has shifted to nagging concerns about the country’s agriculture sector.
THE BANGKO Sentral ng Pilipinas (BSP) is likely to raise interest rates by the third quarter, Australia and New Zealand (ANZ) Bank said in a report, with price growth expected to accelerate beginning in the first three months.