PHILIPPINE economic growth is expected to again be one of the highest in the region with the International Monetary Fund (IMF) having raised its forecasts for this year and the next. In its latest World Economic Outlook (WEO), the IMF forecast 6.2-percent gross domestic product (GDP) growth for both 2024 and 2025, up from 6.0 percent and 6.1 percent, respectively. The change for 2024 falls within the government's downwardly revised 6.0- to 7.0-percent target, while the 2025 projection is short of the official 6.5- to 7.5-percent goal. Gross domestic product (GDP) growth averaged 5.5 percent in 2023, below the 6.0- to 7.0-percent target and markedly slower than 2022's 7.6 percent, as stubborn inflation and high interest rates dampened consumption.   https://www.manilatimes.net/2024/04/17/business/top-business/imf-hikes-ph-forecasts/1941909 (ICE SINGAPORE)

Fonte notizia: The Manila Times, 17 April 2024