HSBC sees 3.9% PH GDP contraction

HSBC sees 3.9% PH GDP contraction

HSBC Private Bank’s investment experts Cheuk Wan Fan and Willem Sels British banking giant HSBC sees the Philippines heading to its deepest economic contraction in three decades this year due to fallout from the coronavirus (COVID-19) pandemic and the consequent lockdown measures. Although the lockdowns have been loosened in Metro Manila recently, restrictions remain in […]