"Philippines Business Forecast Report Q4 2012" Now Available at Fast Market Research
Core Views Following 2011's disappointing GDP growth of 3.7%, we estimate that the Philippine economy will bounce back only incrementally, with 3.9% growth forecast for 2012. Weak external demand as a result of a developing hard landing in China and the continued malaise in the eurozone and Japan will continue to weigh on exports, which we estimate will grow only 2.2% in 2012. Following Bangko Sentral ng Pilipinas' two rate cuts totalling 50 basis points in Q112 (matching our target),...
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