Banking giant HSBC expects Philippine economic growth to fall short of most expectations for this year as it has begun showing signs of fatigue after eight quarters of above 6 percent expansion.
In a report released on Friday, HSBC pegged the Philippines’ gross domestic product (GDP) growth for the remainder of 2014 at 5.9 percent, explaining that a slowing trend started with the lower-than-expected 5.7 percent growth rate posted in the first quarter.
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