PH to outperform peers this year – HSBC

THE Philippine economy is likely to outperform its regional peers this year as easing monetary policy, healthy private consumption, stable remittances and increased government spending would support gross domestic product (GDP) growth of 6.4 percent, an analyst from HSBC Private Banking said.

“We expect the Philippine economy to outperform regional, as well as global peers, as we anticipate the growth acceleration path for the next two years,” Cheuk Wan Fan, HSBC Private Banking managing director and chief market strategist for Asia, announced during a briefing on Tuesday in Taguig City.