By Katherine K. Chan, Reporter
THE MIDDLE EAST conflict threatens the Philippines’ growth prospects but a rebound in private spending and robust exports could still position the country as the second fastest-growing economy in the region, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
AMRO Chief Economist Dong He said Philippine gross domestic product (GDP) is expected to expand by 5.3% this year, unchanged from their forecast in January, and by 5.8% in 2027.
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