Week on week, the local unit jumped by 60.7 centavos from its P61.847 close on July 24, which is its all-time-low finish. “Lower GDP will weaken the peso, but stronger NFP (nonfarm payroll) expectations may limit the downside further,” the trader said. A BusinessWorld poll of 21 economists and analysts yielded a median GDP growth estimate of 2.8% for the April-to-June period. This would bring average GDP growth for the first half to 2.8%, below the government’s 3.5%-4.5% full-year target. The Philippine Statistics Authority will release GDP data on Friday (Aug. 7).