GDP Growth Dips Anew...

PHILIPPINES - Report 27 Nov 2014 by Romeo Bernardo and Christine Tang
Back in July this year, we wrote "the setback caused by the Supreme Court decision on public spending as well as the slowness in decongesting the Port of Manila threatens 3Q14 economic growth" and proceeded to pare our 2014 GDP growth forecast to 5.8%.("Chilling Effect", 17 July 2014 ) When August data showed better-than-expected 2Q14 growth, we said that "the economy is not yet out of the woods in terms of bearing the costs of port congestion, which will feed into prices and economic activity in 2H14" but conceded a return to our start of the year 6.1% forecast.("Better 2Q14 Growth But..."...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.