HSBC has put out its 2001 currency forecasts. In the Philippines it is forecasting the peso at Ps54 $1.02 by year end and GDP growth of 1%. It also estimates that the budget deficit finished 2000 at Ps120 billion $2.27 billion, almost double the countrys original target of Ps62.5 billion.
In Malaysia it is forecasting 3.5% growth and saying the governments finances will suffer from lower oil prices. It assumes the ringgit will remain pegged at M$3.80.
In Korea it is forecasting 3.7% growth and a year end won of W1250. It sees better growth of 5.6% for India and a rupee that slips to Rs49.60. It is bullish thanks to...
