Risks from Trump win: Remittances, geopolitics–Nomura

Quick Summary:

THE Philippines is forecasted to be among the ASEAN countries that could suffer from downside risks projected from the re-election of Donald Trump as President of the United States.

Further, in terms of inflation, the country may end the year with an average inflation rate of 3.1 percent in 2024 and 2.3 percent next year.

Meanwhile, the country’s current account deficit (CAD), nonetheless, is expected to widen to 2.3 percent of GDP in 2024 and 2.5 percent of GDP next year.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaIndiaSouth KoreaThailandUnited States

Topics: Policies 2024 Noted 2025 Philippines Percent Year Nomura Expected Fiscal Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 16:19:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 888 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23497580

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 21 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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