StanChart maintains 7.2% growth forecast

Standard Chartered Bank (SCB) has maintained its 2013 growth forecast for the Philippines at 7.2 percent, the bank said in a research report released on Thursday.

“We maintain our forecast of 7.2-percent GDP [gross domestic product] growth in 2013 and 6.7 percent in 2014, and expect fourth-quarter GDP growth to remain resilient at 6.4 percent year-on-year,” the bank stated in the report titled “Philippines–A fifth quarter of 7 percent-and-above growth.”