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. …
MARKET INFORMATION
November 24, 2022
PSEi
6,530. 51 (+20.19 pts.)
Value Turnover
PHP 5.51B
Government Securities
PHP BVAL (-4.90 bps)
Trading Volume
PHP 15.209B
Foreign Exchange
Open: USD/PHP 56.88
Close: USD/PHP 56.78
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