Biz Outlook for 2013

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Presentation of Jay Penaflor for the WSPH organized 12th HR Learning EB

Presentation of Jay Penaflor for the WSPH organized 12th HR Learning EB

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  • 1. 3/8/13   Philippine   Economic  Outlook   2013  SLIDE  HEADER   Economic  Snapshot   Indicator 2010 2011 2012 GDP Growth (in %) 7.6 3.7 6.6 Ave. Inflation (in %) 3.8 4.8 3.2        Monetary  Environment   Exchange Rate, 43.89 43.93 41.19 End of Period GIR (in US$ Bn) 62.37 75.30 84.25 Ave. 91-Day T-Bill 3.73 1.37 0.18 (Nov)        Credit  Upgrades   Rate (in %) 7-Year T-Bond Rate, 5.28 5.02 3.98 (Nov) •  Moody’s:    Ba1  (Stable)   Latest Auction (in %) •  Fitch:                  BB+  (Stable)   Debt to GDP Ratio 52.4 50.9 50.5 (Sep) •  S&P:                    BB  (PosiIve)             (in %) Unemployment Rate 7.3 7.0 6.8 (Oct) (in %)        Business  Confidence   WEF 85 75 65 Competitiveness Ranking        Sustained  Economic  Growth   Source:  Na0onal  Sta0s0cs  Office,  Bangko  Sentral  ng  Pilipinas,  Department  of   Treasury,  World  Economic  Forum’s  The  Global  Compe00veness  Report     1  
  • 2. 3/8/13  Success  Factors  in  2012   •  Good  governance   •  OFW  Dollar  RemiPances  propelled  consumer  spending   to  higher  levels   •  Business  Process  Outsourcing  created  the  much   needed  jobs       •  Strong  inflows  from  foreign  investment  funds       •  Contained  inflaIon  levels   •  Favorable  interest  rates   •  Sterling  fiscal  and  monetary  posiIon   •  Flourishing  tourism  industry    ROP  vs.  Other  Asian  Countries   2  
  • 3. 3/8/13  Economic  Snapshot  Economic  Snapshot   3  
  • 4. 3/8/13  Economic  Snapshot  Lower  Self-­‐Rated  Poverty   4  
  • 5. 3/8/13   Economic  Snapshot   Success  Factors  in  2012   Philippines       “New  Tiger  of  Asia”     “New  Darling  of  Global  Investors”     Second  most  progressive  stock  market  in  the  world  in  2012       5  
  • 6. 3/8/13  Catalysts  for  Growth  in  2013   •  Good  Governance   •  Credit  RaIng  Upgrade  –  Investment  Grade   •  Intensified  Infrastructure  Spending  through  PPP   •  Stronger  Business  Process  Outsourcing   •  Stronger  inflows  of  OFW  Dollar  RemiPances  and   Foreign  Direct  and  PorZolio  Investments    Catalysts  for  Growth  in  2013   •  Contained  InflaIon  levels  and  favorable  Interest  Rates   environment   •  Healthier  fiscal  and  monetary  posiIon   •  Flourishing  Tourism  and  Leisure  Industries   •  ElecIon  Spending   •  Improving  Global  Economy   •  Flourishing  Capital  Markets         6  
  • 7. 3/8/13  Rosy  Philippine  Economic  Outlook  for  2013   •  Philippine  Government  6-­‐6.5%   •  First  Metro  Investment  CorporaIon  7.5-­‐8%   •  World  Bank  6.2%   •  HSBC  5.9%   •  InternaIonal  Monetary  Fund  6%   •  ADB  6.2%    Leading  Economic  Indicators  2013   7  
  • 8. 3/8/13   Thank  You!  SLIDE  HEADER   8