THE International MonetaryFund (IMF) now expects Philippine economic growth this year to fall far below the government’s target as the oil shock from the Middle East war adds to the impact of a graft scandal that stalled public spending.
The IMF slashed its 2026 gross domestic product (GDP) growth forecast to 4.1% from 5.6% in January, its latest World Economic Outlook (WEO) released on Tuesday showed.
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