Unverified third-party data in BIR assessments
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MANILA - According to H2 2019 data from the Grant Thornton International Business Report, 57 percent of Filipino mid-size companies surveyed have grown their revenue by more than five percent in the last 12 months. But while the Filipino mid-market remains optimistic when it comes to revenue and profitability, the overall outlook for the Philippine economy has dropped bu 17 percent points from 84 percent in H1 2019 to 67 percent in H2 2019 --- a low level of optimism that has not been seen since Q1 2016.
BUSINESS LEADERS’ optimism in the Philippine economy slumped to its lowest level since the first quarter of 2016, according to the Grant Thornton International Business Report (IBR) released by P&A Grant Thornton on Tuesday.
MANILA, Philippines — Business optimism in the Philippines dropped 17 percentage points in the second half of last year, but the country remains one of the 10 most optimistic worldwide, according to a report by Grant Thornton.