Philippines stats agency says it revises Q3 GDP lower to 3.9% from 4%

Philippines stats agency says it revises Q3 GDP lower to 3.9% from 4%.

The Philippine statistics agency's revision of Q3 GDP growth to 3.9% from a prior 4% suggests a slowdown in economic momentum, which could raise concerns about the domestic economic outlook. This downward adjustment may affect expectations for monetary policy, particularly if it signals weakening growth, impacting inflation and interest rate strategies going forward. Traders should watch for any changes in sentiment toward Philippine assets and regional peers as the market digests this revision.