ABS-CBN News: Makati Business Club sees sustained economic growth in 2017
MANILA - Majority of the country's senior executives expect economic growth this year to match or surpass that of the previous year, despite rising interest rates and faster inflation, the Makati Business Club said Tuesday.
Eighty-three percent of 76 respondents in the MBC poll said they saw gross domestic product growth at 6.8 percent or higher this year, compared to 17 percent who expected growth to slow.
The respondents represent 20 percent of the MBC's 380 members, which include senior executives and top management representatives.
Eighty-five percent said they expected headline inflation this year to surpass last year's average of 1.8 percent. Twelve percent said consumer prices would stay the same while 3 percent projected slower inflation.
Four out of five executives expect the peso to continue depreciating against the dollar.
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