‘Next PH President to inherit leaner economy’ – HSBC

The Philippines has overcome a number of major challenges over the past three decades and whoever wins the 2016 presidential elections will inherit a much leaner economy, global banking institution HSBC said.

In a research note, HSBC economist Thrinh Nguyen said the Philippines is one of the bright stars emerging from Asia, citing the country’s reduced public debt burden due to greater revenue generation, more disciplined government spending, stable macroeconomic growth and higher aggregate investment in the economy as major achievements of the current Administration.