This seal of confidence and expression of trust in BSP affirms the work that we do here. This recognition will only motivate us to work harder and better. Prospects Having said this, let me share with you briefly what’s on our radar: Global economic growth in 2019 is expected to be weaker than in 2018 with considerable uncertainties in the short term.
There are other risks—the protracted US-China trade tensions, the possibility of a no-deal Brexit, and the US-Iran standoff on nuclear deal. On the domestic front, we see challenges arising from severe weather disturbances, and the delays in infrastructure projects. Despite the risks, we remain optimistic that the Philippines provides a unique value proposition that is not short-lived.