LPEM ECONOMIC QUARTERLY OUTLOOK 2016 Q4

Still consistent with our previous outlook, we expect 2016 GDP to grow at around 5.1% level, higher than the preceding year. This is attributable to more robust consumption growth amid low inflation. However, this growth is most probably lower than the potential amid stagnating government spending in 2016 due to two budget cuts in the second semester of 2016 and less-than target tax revenue.

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