菲经济学家：选举支出推动菲二季度GDP增长5.6%

Core Viewpoint - Despite facing US tariff threats, private sector economists expect the Philippines' economic growth to accelerate to 5.6% in the second quarter, primarily driven by strong household consumption during the midterm elections [1] Group 1: Economic Growth Projections - HSBC ASEAN economist Aris Dacanay noted that spending related to the May midterm elections boosted household and government consumption, although this growth rate remains below the Philippines' economic potential [1] - Emilio Neri, Senior Vice President of Bank of the Philippine Islands, raised the growth forecast to 5.8%, citing election spending, easing inflation (especially the continuous decline in rice prices), and growth in consumer loans as supporting factors for household consumption [1] Group 2: Contributing Factors to Growth - Economists generally agree that improved employment data and a narrowing trade deficit have also contributed to economic growth [1] - Despite external risks, most institutions maintain their full-year economic growth forecast between 5.5% and 6% [1] Group 3: Risks and Challenges - The delayed implementation of US tariff policies may lead to a decline in subsequent exports [1] - Recent typhoons have impacted production and infrastructure, and the high 19% US tariff could pose downward pressure on growth [1]