HOLIDAY SPENDING SEEN LIFTING Q4 GDP GROWTH - BUSINESSWORLD ONLINE

What happened: Economists expect a modest Philippine GDP rebound in the fourth quarter, supported by holiday spending, remittance inflows and possible pickup in government infrastructure spending. Key numbers: Full-year forecasts range from 2.7% to 3.5% against a 3.5%-4.5% target. Q2 growth was 2.4%, first-half average 2.6%. October inflation was 7.8%, 10-month average 5.6%. Why it matters: Economists said elevated inflation, weak investment and higher borrowing costs may limit the recovery, and reaching even the lower end of the growth target appears difficult.

Economists expect a modest Philippine GDP rebound in the fourth quarter, supported by holiday spending, remittance inflows and possible pickup in government infrastructure spending.

Economists said elevated inflation, weak investment and higher borrowing costs may limit the recovery, and reaching even the lower end of the growth target appears difficult.