Philippines' GDP growth seen to ease to 4.1-5.9%

But the 6-7% forecast is still on the cards.

According to DBS, the government has just indicated that 4Q GDP growth may ease to 4.1-5.9% depending on the actual damages from typhoon Haiyan.

Here's more:

That will pull down overall GDP growth for the year but 2013 GDP growth of 6-7% YoY is still on the cards. For now, we’d still maintain our 7% GDP growth projection for the year.

The 3Q GDP data that is due at the end of the month is likely to show GDP growth remaining circa 7% YoY. That will bring GDP growth to about 7.5% YoY in the year-to-date. The recent string of data has been rather encouraging.

There are some signs that export growth might have bottomed out in 1H 2013. Exports reached USD 5bn for the first time ever in September, a 4.9% YoY growth.

Demand of electronics and electrical products was rather strong, suggesting a pick-up towards the year-end. This has also led to a bounce in industrial production, which has averaged close to 8% YoY in 3Q.

Earlier this week, BSP Governor Tetangco commented that the central bank has some policy scope to respond if necessary. While the central bank has adjusted its 2014 inflation forecast to 4.5% up from 4.0% previously, it is still well within the 3-5% target. Normalization in monetary policy is still warranted, but the BSP may now be less aggressive in doing so next year. Stay tuned on this front.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia