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Inflation continued to slow in August. We expect it to continue to slow down which would lead to more rate cuts by the central bank.
We have adjusted our GDP forecast upward following robust second-quarter data.
Here is the latest list of average target prices for companies in the PSE index as of July 15, 2024.
Just as we projected, the BSP has begun easing rates to spur economic growth.
Despite the higher-than-expected GDP growth, private consumption remains constrained.
Earnings will continue to grow for banks. The banks’ managers, however, remain conservative owing to present economic conditions.
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