In its Asia economic monthly report titled “Timing is everything,” Nomura said major changes in US policy under president-elect Trump would add downside risks to Asia’s growth. Preliminary estimates of the impact of a Trump presidency on Asian gross domestic product (GDP) growth showed the expansion of the Philippines would be reduced by 0.2 percent to 6.1 percent instead of 6.3 percent next year. It runs a trade surplus of 0.7 percent of GDP with the US. The impact on Indonesia’s GDP growth is seen at 0.2 percent while that China, India, and Thailand is estimated at 0.1 percent. Guinigundo said Trump’s campaign pledges could impact on the country’s remittances as well as exports and business process outsourcing (BPO) sectors.

Source: Philippine Star November 13, 2016 17:01 UTC