PH business optimism rebounds as inflation eases

OPTIMISM among mid-market business leaders in the Philippines climbed to 71 percent during the first half of 2023 (up 6 percent, compared to H2-22) as inflation began to ease, according to Grant Thornton's International Business Report (IBR).

The climb in optimism has been driven by record numbers of mid-market business leaders expecting increases in profitability up 83 percent and revenue from exports up 55 percent, with the exception of selling prices, which saw a decline from 63 percent to 61 percent.