Banking giant HSBC has slightly raised its 2016 Philippine growth forecast, citing election-related private consumption and sustained government spending as factors.

HSBC economist Joseph Incalcantera, in a research note, said real gross domestic product (GDP) growth was likely to hit 5.8 percent this year. The previous forecast was 5.7 percent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details