HSBC Holdings PLC said on Thursday that it expects Philippine growth to remain “resilient” even as it slows to 4.4% in 2023. READ:
HSBC Holdings PLC said on Thursday that it expects Philippine growth to remain “resilient” even as it slows to 4.4% in 2023.
“I would say that the potential growth of the Philippines is always very high, potentially because the Philippines has a young working population. Because of that, potential growth is always higher than most countries,” he said. Mr. Cheo said that high inflation will result in more rate hikes from the central bank which is why HSBC has a neutral view on the Philippines as an investment destination.
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