Philippines

The Philippines: Too Much Pessimism over a Marcos Presidency

Macroeconomics
187 Views, 10 May 2022 20:55
EXECUTIVE SUMMARY
  • Ferdinand "Bongbong" Marcos secured a majority of votes, which is no mean feat, given that political parties are overshadowed by the familial elites who dominate Philippine politics. 
  • Marcos' victory reflects the failure of the EDSA movement to deliver the economic goods, which chimes with President Duterte's appeal, despite his War on Drugs and human rights record.
  • There is a material likelihood that Marcos could manage the inter-elite contestations to push through reforms that his predecessor failed to do, despite significant political capital on hand.
detail (5-minute read)
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Nicholas Chia
Economist
Centennial Asia Advisors
Multi-AssetMacroeconomicsThematic (Sector/Industry)

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipati... 

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