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INSIGHTS

With the fast GDP growth in Q3-2022 and employment at record levels in August and September, we expect full year GDP expansion at 7.4%, well within the government’s revised 6.5% to 7.5% target. Official lending agencies like IMF and ADB have lowered projections of GDP growth in 2023 due to high inflation. We, however, disagree that a significant slowdown will occur next year. …

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MARKET INFORMATION

November 29, 2022

PSEi

6,780.78 (+99.31 pts.)

Value Turnover

PHP 22.79B

Government Securities

PHP BVAL (-1.36 bps)

Trading Volume

PHP 14.900B

Foreign Exchange

Open: USD/PHP 56.70
Close: USD/PHP 56.56

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