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Economic Research
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29 Aug 2014
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Philippines
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Economic
Highlights
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The
Philippine’s real GDP growth strengthened to 6.4% y-o-y in 2Q 2014,
from a revised +5.6% recorded in
the
1Q and compared with +6.3% in 4Q 2013, on the back of a resurgence in
manufacturing activities and exports. Despite the 2Q GDP figures coming in above
the consensus median estimate of +6.1%, it was, however, below our estimate
of +6.9%. Nonetheless, we are retaining our full-year GDP projection at
6.5% for 2014 and expect growth to pick-up to +7.1% in 2015.
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Friday, August 29, 2014
RHB | Philippines | GDP Growth Strengthened In 2Q As Growth Momentum Improved
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