0910 GMT - The Philippines's GDP growth could weaken in 2H as trade uncertainties and challenges drag the global economy, HSBC Global Research's Aris Dacanay says. "We think the upcoming headwinds will be tough," the economist for Asean writes in a report. Exports of goods are expected to slow as tariffs cascade across the globe, he says. But compared with other Asean economies, the Philippines will be relatively better off, given its robust domestic levers, he says. The Philippines could easily support its domestic economy to make up for the slack in trade, and it is geared to do so through monetary policy, he adds. HSBC forecasts the economy to grow 5.6% this year. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 05:10 ET (09:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。