PH less vulnerable now to China slowdown – HSBC

The Philippines is looking less vulnerable now than it used to be to the impact of low global commodity prices and China’s economic slowdown, banking giant HSBC said.

In its latest research note, HSBC said the global price decline in most commodities and the easing of China’s economic growth had given rise to new concerns, prompting it to consider a broad range of indicators to look for warning signs in 40 developed and emerging markets (EM).