Philippines

Philippines economic trends forge a resilient future

  • The Philippines’ GDP grew by c6% in Q3 yoy, surpassing expectations after slow growth in Q2

  • Optimistic economic outlook: Cooling inflation, fiscal consolidation in place and lower current account deficit

  • Potential risks include the ongoing Israel-Gaza conflict and the China territorial dispute

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November 29th, 2023
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

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