The Philippine Economy Is Finally Bottoming Out, Says HSBC’s Incalcaterra

The video discusses the Philippine economy's recovery after a period of underperformance, highlighting fiscal spending and infrastructure as key drivers of growth. Inflation is under control, and the economy is expected to rebound strongly. However, risks such as the current account deficit and currency depreciation are noted.

What role does infrastructure spending play in the long-term outlook for the Philippine economy?

Discuss the implications of the current account deficit on the Philippine economy.