THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand.
In its latest update, AMRO sees Philippine gross domestic product (GDP) expanding by 6.1% this year, slightly lower than the 6.3% in the April report.
Despite the downgrade, this is still faster than the 5.5% GDP growth in 2023, and within the government’s 6-7% target for this year.
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