AMRO maintains Phl growth outlook for 2024, 2025
The Philippine Star|September 11, 2024
The Association of Southeast Asian Nations Plus 3 (ASEAN+3) Macroeconomic Research Office (AMRO) has kept its growth forecasts for the Philippines for 2024 and 2025, but inflation and geopolitical issues pose risks.
LOUELLA DESIDERIO

“The Philippine economy is expected to grow by 6.1 percent in 2024 and 6.3 percent in 2025, driven by higher government spending as well as an upturn in external demand and strengthening domestic demand,” AMRO principal economist Runchana Pongsaparn said.

These growth forecasts are the same as those provided in the AMRO’s Quarterly Update of the ASEAN+3 Regional Economic Outlook report released last July.

AMRO’s growth forecast for this year is within the government’s six to seven percent gross domestic product (GDP) growth target.

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