Philippine economy likely grew by just 4% in Q4 2025, says HSBC  

MANILA, Philippines – The fiscal drag from tighter scrutiny on public spending is likely to persist over the next few years, with a sharp pullback in infrastructure outlays putting fourth-quarter 2025 economic growth at risk of slipping below 4 percent. This is according to Aris Dacanay, economist at HSBC Global Investment Research, who is forecasting