© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
BUND TECHS

(U2) Bear Flag

US EURODLR FUTURES

EDU4/Z4/H5 Fly Given

JGBS AUCTION

Japanese MOF sells Y970.5bn 20-Year JGBs:

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

ING: Next Leader Inherits A Robust Economy But Plenty Of Headwinds

PHILIPPINES
BulletEM BulletEmerging Markets

ING note that “although the Commission on Elections has yet to proclaim a winner in the recent Presidential Election, unofficial election returns point to a win by Ferdinand Marcos Jr. The next president inherits a robust economy as Q2 GDP growth will likely show another healthy expansion delivered by election-related expenditure. On top of a robust economy, Marcos will enjoy a substantial amount of political capital to begin his term, as his senate is set to secure 11 out of the 12 seats in the upper house. A majority mandate on top of sizable political capital opens the door for opportunities for Marcos to implement substantial economic reforms early on in his single 6-year term.”

  • “The investor community now awaits Marcos’ cabinet picks, in particular, the composition of his economic team and his plans on how to address key issues such as accelerating inflation and debt consolidation - Marcos inherits a sizable amount of debt from his predecessor.”
158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

ING note that “although the Commission on Elections has yet to proclaim a winner in the recent Presidential Election, unofficial election returns point to a win by Ferdinand Marcos Jr. The next president inherits a robust economy as Q2 GDP growth will likely show another healthy expansion delivered by election-related expenditure. On top of a robust economy, Marcos will enjoy a substantial amount of political capital to begin his term, as his senate is set to secure 11 out of the 12 seats in the upper house. A majority mandate on top of sizable political capital opens the door for opportunities for Marcos to implement substantial economic reforms early on in his single 6-year term.”

  • “The investor community now awaits Marcos’ cabinet picks, in particular, the composition of his economic team and his plans on how to address key issues such as accelerating inflation and debt consolidation - Marcos inherits a sizable amount of debt from his predecessor.”