November 25, 2014

Philippines Third Quarter GDP Forecast on High Levels

Philippines GDP growth is expected to be on high levels and would remain one of the highest in Asia. First half growth in 2014 was recorded at 6.02%. Second quarter actual data ended up slightly below the forecast of Philippine Economist (of 6.85%) to 6.37% (see article: Quarterly Forecast: Philippines Economy in 2014).

Decline in GDP growth has significant relation to government spending, Overseas Filipino Workers slowdown (due to international economic problems), port congestion, and energy cost.

Philippine Economist forecast for Philippines' FY2014 GDP growth is 6.30%.

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