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Inventory market traders had been suggested to remain on guard as storm clouds swirling across the world financial system linger, dampening the outlook for 2023.
Elevated inflation and the excessive rate of interest regime within the Philippines would additionally persist by means of the yr, pushed by additional efforts to reopen the financial system and low unemployment.
“There are rays of hope however there’s nonetheless an overcast,” Jonathan Ravelas, a veteran inventory market analyst and monetary technique advisor at e-Strategies for Enterprise Administration Corp., advised the Inquirer.
Different dangers might come up from the Russian invasion of Ukraine, renewed fears over one other COVID-19 surge and the chance of a world recession.
“These linchp…
Carry on studying: One other robust yr for PH shares? Analyst sees PSEi at its worst at 5,700
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