ING: Philippine Growth Likely To Be Sustained In 2022

The transcript discusses the economic growth in the Philippines, driven by a services sector boom and increased spending as COVID-19 cases declined. It highlights the challenges of inflation and monetary policy, with the BSP considering rate hikes amid a hawkish Federal Reserve. The impact of the election year on GDP and government spending is also analyzed, noting potential boosts in consumption but concerns over debt and spending cuts.

What are the implications of the Federal Reserve's actions on the BSP's policy decisions?

Discuss the expected impact of government spending on economic momentum in the second half of the year.