Ma. Victoria Españo, chairman and CEO of P&A Grant Thornton

According to H2 2019 data from the Grant Thornton International Business Report, 57 percent of Filipino mid-size companies surveyed have grown their revenue by more than five percent in the last 12 months. But while the Filipino mid-market remains optimistic when it comes to revenue and profitability, the overall outlook for the Philippine economy has dropped by 17 percent points from 84 percent in H1 2019 to 67 percent in H2 2019—a low level of optimism that has not been seen since Q1 2016.

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