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Philippines: Consumption, infrastructure spending to fuel up to 6.6% growth — FMIC

MANILA, Philippines — Economic growth momentum is expected to be sustained this year, accelerating to a range of 6.2 to 6.6 percent, fuelled by “magnified” consumer spending and the continuation of the government’s catch-up spending plan for infrastructure, First Metro Investment Corp. (FMIC) said. Officials of the investment banking arm of the Metrobank Group said […]

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Thailand: 2020 budget signals greater stimulus

The passing of the budget for the 2020 fiscal year highlights the growing importance of government stimulus in supporting the Thai economy. The delayed passage also means the boost from the planned increase in expenditure is heavily weighted to the latter quarters of the fiscal year that began on Oct 1, 2019. The package supports […]

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