CPA Australia Survey: Filipino small business tops Asia-Pacific 2023 growth forecasts amid high inflation

• Philippines’ small businesses top growth forecast for second consecutive year.
• Seven-in-10 found investment in technology improved profitability in 2022.
• Rising costs, particularly materials, were most detrimental to businesses.

MANILA, PHILIPPINES – Media OutReach – 9 May 2023 – Nearly nine-in-10 Filipino small businesses expect to grow this year, with technology investment driving momentum. That’s according to a new survey by one of the world’s largest professional accounting bodies.