Markets Stirred; Economy Will Chug Along

PHILIPPINES - Report 14 Jun 2013 by Romeo Bernardo and Christine Tang
Just two weeks after the government announced much-better-than-expected 7.8% GDP growth in 1Q2013, which bucked the regional growth slowdown, local stock prices grabbed headlines with the worst one-day dive since the Lehman crisis in October 2008.Many were stunned by the steep fall, especially following a new round of upgrades in analysts' growth forecasts.Some feared that the much talked-about asset bubble had finally burst. Still others, who had missed the amazing bull run, are wondering if now is a good time to buy.In truth, financial market volatility has greatly increased since the US ...

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