American banking giant Citi on Wednesday said it remains optimistic about the prospects of the Philippine economy this year despite external headwinds.
"GDP growth in 2022 beat expectations, and we continue to see some upside risks to the 2023 growth outlook," Nalin Chutchotitham, Citi Philippines economist, said during the virtual 2023 Citi Markets Economic Briefing.
The positive outlook for the Philippine economy came against the backdrop of an anticipated "tough year" for the world economy.
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