PH seen weathering global recession

Feb 22, 2023 12:41 am

The Philippine economy remains 'sufficiently robust' and will likely withstand the impact of a global recession, economists from First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said on Tuesday.

'Most recent economic data suggest that the PH economy may weather the global recession relatively unscathed,' they said in the latest issue of The Market Call, a joint publication by the investment bank and the private educational institution.

Skyscrapers are seen along Ayala Avenue in the center of the Makati Business Distict, Friday. PHOTO BY J. GERARD SEGUIA

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