- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Philippines: GDP readings came stronger than expected – UOB
Philippines: GDP readings came stronger than expected – UOB
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the latest set of GDP figures in the Philippines.
Key Takeaways
The Philippine economy expanded at a stronger-than-expected pace of 5.9% y/y in 3Q23 (from +4.3% in 2Q23), which was well above our estimate (+4.5%) and Bloomberg consensus (+4.7%). It was primarily driven by higher government spending, investments and a persistent positive net trade contribution, which offset softening household consumption and stock withdrawals. All major economic sectors pencilled in a bigger gain with the services sector remaining the key growth driver, followed by construction, utilities and manufacturing sectors.
Taking the latest upbeat GDP growth reading and year-end festive demand into consideration, we raise our 2023 full-year real GDP growth forecast to 5.7% (from 5.0% previously, official est: 6.0%-7.0%). We also upgrade the country’s growth outlook for next year to 6.5% (from 6.0% previously, official est: 6.5%8.0%), mainly backed by the passage of a larger national budget for 2024 (on 27 Sep), softer inflationary pressures with less restrictive monetary policy stance, as well as an expected upturn in global tech cycle.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
