âThe 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,â AMRO principal economist Runchana Pongsaparn said.
These growth forecasts are the same as those provided in the AMROâs Quarterly Update of the ASEAN+3 Regional Economic Outlook report released last July.
AMROâs growth forecast for this year is within the governmentâs six to seven percent gross domestic product (GDP) growth target.
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