MANILA – Businesses remain optimistic with the country’s economic growth for this year, according to the First Semester Executive Outlook Survey for 2017 of the Makati Business Club (MBC) released on Tuesday.

The MBC survey had 83 percent of the respondent companies saying the country will either surpass or sustain this year the 6.8-percent gross domestic product (GDP) growth in 2016; while only 17 percent projected GDP this year to be lower than the previous year.

On other economic indicators, MBC member companies forecast higher inflation rate, higher 91-day Treasury bill rate, weaker peso, lower approved investments, lower exports revenues, and a slowing down of imports receipts.

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