Philippines GDP to Stay at 6.5%

When the British bank HSBC released its economic growth forecast recently, it gave a better forecast for the Philippines compared to other markets in Asia, ABS/CBN reported. HSBC sees that the country’s gross domestic product will stay at a healthy 6.5%, the same as the bank’s growth projection for China. For the whole of Asia, HSBC projects a 5.8% growth for 2017. This is important information, especially in the face of economic changes and challenges, both locally and in the international arena. It shows that the current government, despite criticisms against some of its policies and actions, is moving toward the direction of securing economic gains for the country.