THE Philippines’ gross domestic product (GDP) is likely to expand slower than the government’s target until 2025, Citigroup, Inc. (Citi) said.
Citi cut its GDP growth forecast for the Philippines to 5.8% this year but kept its 6% growth forecast for 2025.
This is below the government’s 6-7% target this year and 6.5-7.5% goal next year.
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