New Market Report: Philippines Freight Transport Report Q1 2014
Despite some signs of life in the Philippines' trade outlook, we caution that a relatively middling outlook for demand from the world's largest economies, as well as the cyclical nature of global semiconductor demand, suggest that an export recovery will likely be transitory. On the other side of the ledger, we note that the Philippines will remain somewhat beholden to hot money flows as speculation over US monetary policy continues to run high, and that the Bangko Sentral ng Pilipinas...
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