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IMF retains Phl growth outlook for 2024, 2025
The Philippine Star
|October 23, 2024
The International Monetary Fund (IMF) has retained its growth prospects for the Philippines for this year and next amid challenging private consumption expansion in the country.
Based on the World Economic Outlook (WEO) released yesterday, the Washington-based multilateral lender kept its gross domestic product (GDP) assumption for the Philippines at 5.8 percent.
This was the same forecast the IMF gave the Philippines during the 2024 IMF Article IV consultation earlier this month.
While this is an improvement from last year's 5.5 percent expansion, it falls below the six to seven percent growth assumption set by the Cabinet-level Development Budget Coordination Committee (DBCC).
Denne historien er fra October 23, 2024-utgaven av The Philippine Star.
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