Looking ahead, if the market is able to ascertain supply to be intact at 50.50, a near-term top could be in place for now and some range-bound but still choppy trading may be seen.Lorem ipsum dolor sit amet, consectetur adipiscing elit sed1
2020 Actual | 2021 Metrobank Forecast | |
---|---|---|
GDP | 9.6% | 4.5% |
Inflation | 2.6% | 4.1% |
BSP RRP rate | 2.0% | 2.0% |
USDPHP Trend | 48.02 ↑ | 50.60% ↑ |
Southeast Asia, with an overall vaccination rate of 9%, lags developed regions like Western Europe and North America. It is becoming one of the “world’s worst battlefield” for the more infectious Delta variant. Locally, 35 Delta variant cases have been recorded in the Philippines, including three deaths and eight active cases.1 Investors remain wary of the government’s likely reimposition of tighter lockdowns as some LGUs have already reversed earlier rulings that allowed 5-17 year-olds to go out. Amid the relatively slower pace of vaccinations in the Philippines, the Delta variant is a major risk to the growth prospects of the country.
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