May 28, 2015

Q1 2015 GDP Fell Below Expectations

Philippines Economy

Philippines GDP growth fell below the forecast of Philippine Economist. National Statics Coordination Board (NSCB) reported a 5.2% GDP growth in Q1 2015 which is lower by .4% compared to previous quarter (5.6%).

Overall, 5.2% is something not to be worried about since the number is still on the high level. Still, the current actual GDP could be higher if majority of the government projects had started last year. The concern remains (even globally), how to create jobs and boost investment.

1 comment:

  1. I think 5.2% is a number that should not result to stock market panic, since the growth is comparable last year. Meaning there was no significant drop in the the number. If the number fell below 5%, I think this should be more questionable since the number is new level of growth pointing down.


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