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Publication Detail
DRN 2006 Vol. XXIV No. 1: Driving the Philippine Economy in 2006

What awaits the Philippines this year? For the past years, Dr. Josef Yap has written fearless forecasts for the country and discussed the various issues confronting both the economic and government sectors. This year, as the newly installed president of the Philippine Institute for Development Studies (PIDS), he delivers a nearly positive outlook for the country. He starts out with a statement of a “less tumultuous” political situation in 2006 compared to 2005. Although the hike in the oil industry will bring down growth prospects, he says that recovery in the agriculture sector and a strong performance of the manufacturing sector will even things out. He also says that a lackluster performance in some areas and a possible reenactment of the 2005 budget will set off negative outcomes. However, Yap still sees the silver lining and forecasts a generally positive 2006, even seeing an encouraging investor confidence this year.

Philippine Institute for Development Studies
Authors Keywords
Yap, Josef T.; oil price; manufacturing sector; agriculture sector; economic forecast;
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Published in 2006 and available in the PIDS Library or Downloaded 37,609 times since November 25, 2011
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