HSBC sees 6.7% growth for 2026
The Philippine Star|November 06, 2024
HSBC Philippines has expressed confidence in the economic trajectory of the Philippines, projecting a robust growth of 6.7 percent in 2026, making the country a "rising star" in the Association of Southeast Asian Nations (ASEAN) region.
KEISHA TA-ASAN

HSBC Philippines president and CEO Sandeep Uppal told reporters yesterday that the bank plans to drive both economic growth and sustainability over the next few years, focusing on strategic investments and partnerships to support the nation's development.

"A key driver of economic growth is strong collaboration between the private sector and the government. As a global bank with deep local expertise, we've always been committed to acting as a bridge to unlock opportunities for development," Uppal said.

"We're optimistic about what we can do to collectively propel the Philippines from ASEAN's rising star to Asia's superstar," he said.

Uppal said that in order for the Philippines to become Asia's superstar, the country has to grow above seven percent to a double-digit GDP figure in the coming years.

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