WATCH: Forecasts and tips on getting lucky in the year of the wooden horse

MANILA, Philippines - As we welcome the Chinese New Year, we sat down with Hong Kong-based feng shui masters Joseph and Vittorio Chau to ask for their forecasts for the year of the wooden horse.

It will be a challenging year for the Philippine economy while politicians will have luck on their side this time around, Joseph says.

People born under the signs of the dragon, monkey and rat may seem to be particularly unlucky this year, but the experts give advice on how to get around the situation.

The feng shui masters also talk about compatible signs, and how people can attract prosperity this year.

Related video: WATCH: Lucky signs in the Year of the Wooden Horse