SWISS FINANCIAL services firm UBS AG has hiked its 2012 growth forecast for the Philippines to 5.8% after the economy remained strong in the second quarter.
“Philippine real GDP (gross domestic product) expanded 5.9% on the year, beating consensus expectations of 5.5% and our own forecast of 3.7%…” UBS said in a research note released yesterday.
UBS had projected 3.3% growth at the start of the year. Its latest estimate now falls within the government’s 5-6% target.
However, UBS kept its 2013 forecast of 4.7% — well below the offical 6-7% goal — as a global trade slump continues.
UBS also weighed in on monetary policy, predicting that the Bangko Sentral ng Pilipinas will keep rates on hold next week.
The central bank, it said, “intends to make further use of macroprudential measures rather than policy rate adjustments in the immediate future.” –Businessworld
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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