It seems though the prospects for 2H 2017 is brighter than ever with earnings momentum coming into place. Most research houses are looking at 1Q 2017 corporate earnings being the weakest for the year and the markets kind of agree with it and see a smoother run towards Q2 results.
Credit Suisse stated that Q1 2017 is likely the peak for our country’s GDP. Historically Q2 is proven to be much weaker than Q1 for obvious reasons but Raya seems to be in Q2 this year and hopefully that changes everything. This makes Q3 the definite slowdown quarter that would be recorded this year.
Take a look at CS’s report in the link below to see the segments that grew or shrunk in Q1.