Giddyap!

PHILIPPINES - Forecast 13 Feb 2014 by Romeo Bernardo and Christine Tang
Executive Summary The Philippines entered the Year of the Horse on a slower trot.For now, the local mood seems to have sobered up in the face of heightened financial market volatilities and contagion talk set off by fragilities in certain emerging markets.The fear is that a lack of differentiation will see contagion risk trumping the economy’s solid fundamentals, dulling consumer and business appetites and stalling growth.We think that GDP growth will remain relatively good, giving economic managers enough policy room to guide local markets through a bumpy ride.But government would need to ...

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