MANILA, Philippines – Banco de Oro (BDO) SVP and chief investment officer Marvin Fausto on Monday said the fourth quarter will be an adjustment period for the Philippine economy because of the damage caused by typhoon “Yolanda” on agricultural production. Fausto said adjustments will be made on the country’s economic outlook after the National Economic and Development Authority (NEDA) said fourth quarter growth could slow down to 4.1 percent. “You will have some adjustments on the optimism on the economy. If you have a downgrade in the economy, as far as growth is concerned, the premium that we are trading against versus the other markets in other neighbors will have to be adjusted,” Fausto told ANC. He said the effects of the typhoon on the economy may linger next year before it stability is restored. “The economy will have to reflect the GDP downgrade and slowly the market will adjust and price that in. So maybe give it a couple of months or maybe a quarter of correction before things will come back to normal and look at the economic prospects again for the Philippines moving forward,” he said. Fausto noted, however, that this period of consolidation is the “perfect time to accumulate stocks.” “We know that the long term prospect is good for the economy and when do you buy the stocks in the market? You buy it when the market is down and when you buy it, you buy it when there is a storm because after the storm, the sun comes up. So we continue to buy during this period and accumulate good companies that will benefit us during the long term,” he said.