By Luisa Maria Jacinta C. Jocson, Reporter
THE International Monetary Fund (IMF) trimmed its economic growth forecasts for the Philippines as elevated inflation is likely to continue weighing on domestic demand.
The multilateral institution cut the country’s gross domestic product (GDP) outlook for this year to 5.8% from 6% previously. It also now sees GDP expanding by 6.1% in 2025, a tad lower than the previous forecast of 6.2%.
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