Investors are cautiously optimistic about the Philippines' economic growth despite geopolitical challenges, targeting 6-7% GDP in 2023.
Investors remain cautiously optimistic about the Philippines despite geopolitical and economic challenges, as it is seen as a strong market due to its demographics and resilient growth. Economic managers aim for 6-7% GDP growth in 2023, with infrastructure a priority. The Philippine Stock Exchange index has fallen for seven consecutive sessions, leading to bargain opportunities, but concerns over inflation, interest rates, and possible delayed rate cuts may weigh on the market and cause sideways movement.
April 14, 2024
4 Articles