Jojo Gonzales
Jojo Gonzales
activity economic emergency fiscal gains impact measurable positive preserve reform state thus toward view
In our view, if the state of emergency is short-lived, then it should not have a measurable impact on economic activity and thus preserve the gains from the fiscal reform effort, which is the cornerstone of the positive view toward the Philippines.
dry emergency foreign key state support until
We think that foreign buying, which has been a key support for the market, may dry up until the state of emergency is lifted.