SocioEconomic Planning Secretary and Neda Director General Balisacan estimate the impact of Yolanda's disaster will likely pull down the GDP Growth to as much as 0.8% with the country's 4th quarter growth to slowdown to only 4.1% . It will also to drag down the 2014 growth due to reduce production capacity.
And the huge estimate of 250 Billion pesos needed to rehabilitate the devastated area is casting negative effect on the PSEi trading making more investors to take profits (given the high valuation of the Philippine vis a vis with other region or market) that pull the PSEi down on the past 3 days.
