

.
58201!

-3,5TOu^\K_w-3,5TO\S
F TO9w=[nSF20-3,5\WLOjt



-3,5xfsT

FASEAN{lAM>(AEC)r%P+'61*6")GkrH

-3,5{lVZ

oqTO:ejt-3,5TO\SF?
N}`c\2015X547@/&zOC2DXi22.8SF

1,313@B1/&z2.1B<J~ 2013X6b-3,5\pRdY;vOIE
`ca]hg% '4-3,5{lGN-3,5\-!7202015X6b-3,5 .($*6#*38U| Q

myU}-:R
2,5 !!

-2,5 GDP Si / -2,5yAEPT`=WZ PSEi Yp
0!

0,42-,.

07650

NGDPSi6.0BRYp
2012N;GDPSibgYp

:RSi^QKcxH1@

9~e|MIdl>9e|X>9e|(GmGDP.6')2005N6N2.1?
%%

26 05%1 )!

 & { Ca%%VJ130Du 8kw - 2,5GDPSiYp
z_4/6+- 2,5rfjh:RL] Kz Kzs 7v2$6(#5$3* 5"`O<o 2015N3\17[- 2,5e|MI zVJ   tFnqT &z_ 2013N10\>[dhzpdhGDP]v/ij@`bTOPIXay
0-06RK=GDP]v?BH{

-9217.

-643.

-06RK=GDP]v?lsayZt]gW#um$o~YwLn#<XQND;GqQ"$oSJ<X|:\%-06ek

E} 9x dhGDP]vay
15TUO ]v1.016TU1.5] :r "! C M
dhFV^(681 j@`b.*,5&6(4/A_ dhzpcI 2015T12f%5827)3+'%

%

%

PH2014>GDP*//%+$/NG 5@2050>GDP*//4H

2050>%+$/ 2LGDP1)+1735

13:2533*//166 : V

23:10362)+2227

2LP%+$/ N

3AC

460

3/"

816

4"3874AC

642

5+295

5"37135(-1

34

15.187

36/'1,31

16%+$/

16837*,31

17

/"#150

38TI

2918

1!*+148

39

&!

2919,//147

40%+$/

2820

&!

116

G0Q<0=;>U 7SDMF VG
3

20

16P

4.
655D

P

5W9OXIMF - World Economic Outlook Databases
HSBC 2012>1B8R?
2LNG
JE2010>2015>10BK



'7-. ① #&5

1

#'72

/$4"(0,66)+2
(2050%8#1*!"#8#639(99(8)

192
1

56890

78

2

$'#(FiX[ ②.8;4$'#(KP.8#&%!"

$'#(.8$'#(25R1+5I6KP 

KP.8Qgca@lm@S>  *J$'#(cB0<25R1+5I6 /EYZ.8;TfA:G=_-V   9h,2Hd2010LWo7`p2030B)

^UiO?NbD]\?ek)(3jC H22B11Mn

'+&,M~^a①
YC5UO[H2KRgQq|95UA:

Rg5U '+&,|9]Xpzy`U/nR`Toyotaye'+&,_` D2Ko{Urk'+&,'+&,fVcCxumEF
14w'+&,?8:YC5UARg5U'+&,|9]X O[t

2008IA:j

2014I2007I7305U'+&,|9>lYC@b}1PvTis C;d'+&,Nx' .*)2015I6S “'+&,hZ\< @"-!#%Rg5UGLvT2014IJvT

NxW6”++ B.$+(=B

9#=8@fsu②nZHlhpa9#=8@OX}oqT 325AgnZHlP!JRl ]^EGl Ek[68IT7C'43

IT-@0C172

M}oT19UwM7C'2"(?$@1,4=">7C'21*:;5)C+<@~R

94.6    \ rEktlPSbTxR L"@)C49#=8@B

edvD_`W{j|Hl70.5l PEZAV}oqTqPEZA V}oqTLmEy
YiyNyFSIKyzLQc!PEZA
9#=8@B%*6:2'B/C@B&C.=3#

Igfe^ ①,%'T7?/s/&#*-)/xpqn/UGiubuB%($,SHFzymh[PtdRpqnsqT792030F`Nc4o"!+-D_%($,VA=v^\]o\]j<43A@wr>1K,%'MpT7l8AE;.


0:a56

WJqnsq,%'T72CYd
0:aQkOLXCZ




1

5208

>QPOJ ②
UIA\9?]'!7Z3BR1<E^YCBR(&`,)UIA\9?]W[B.3LHN

97459

3 5 C604 4B9 ,_T+"(#)/@

YC\FM-D26S:K

B8'!7Z

0YC85*;1/1

a4VbColliers International Philippines Research2222222Lower 2015 economic growthpunctuates a period of transition
Philippines Investment Specialist cd229X

%*$+.3L=G

Rel@%5+/,!0CIRel@%5+/,!0KG

9Jk[2017P@qboB
BTWINdM^;N]X<8Ea=>
QiDl@KG

2025PA"5-1YD.4(63^;l@)"/5$:!!

4Pr130 %>7

"5-1TnbpLSshmKUjZ?HjZIF2'#fO_
8EaVk

2&6*cWg\Rel@IM`tCIM`%5+/,!0tCCI



25%

1Pr

30%