Pantheon Macroeconomics

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8th May 2024 17:24Emerging AsiaDaily Monitor

  • GDP growth in the Philippines inched up to 5.7% in Q1, from 5.5% in Q4, but fell short of the consensus.
  • We have raised our 2024 GDP forecast to 5.2%, still implying a drop from 2023; consumption is frail.
  • The post-Covid catch-up in investment still has legs, but plunging building permits is a big red flag.

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Keywords for: 10 May 2024 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence