Philippines 3Q GDP grows an impressive 7.1%

Data shows strong growth momentum, says BBVA.

"Third quarter GDP for the Philippines came in well above expectations at 7.1% y/y (consensus: 5.4% y/y), up from 5.9% y/y in the second quarter, as government spending and investment boosted growth," BBVA added.

Citing official data, BBVA said that "sequentially, growth accelerated to 1.3% q/q sa from 0.2% q/q sa. Momentum is expected to remain strong in the Philippines after a total of 100bps in interest rate cuts since the start of 2012 (the most recent 25bps cut in October brought the policy rate down to its current 3.5%) and expectations for the continuation of proactive government spending in support of the economy."

"The outturn is yet another sign of the outperformance of ASEAN economies, on strong domestic demand and intra-regional trade," BBVA said further.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia