Despite the looming global recession that could hit many countries and the high inflation currently prevailing in the Philippines, the SME financing outlook within the domestic economy remains relatively optimistic. Disclosing this, Alexander Capulong, Country Manager of Investree Philippines, the nation’s crowdfunding intermediary and funding platform, stated that though investors are expected to remain cautious this year, the financing for local Filipino small businesses will continue despite economic headwinds. Therefore, SMEs will continue to grow their businesses, which will help investors find the right opportunities across the Philippines. Meanwhile, Investree’s economic team also ruled out the chances of a recession happening in the country.
