MANILA: The Philippine economy is expected to grow more slowly than first thought this year after the country was hit by a series of typhoons but should be more robust in 2025 and 2026, the World Bank said on Tuesday (Dec 10). Gross domestic product (GDP) will expand by 5.9 per cent in 2024, slightly less than an earlier 6.0 per cent outlook, after bad weather in the third quarter, the bank said in its Philippines Economic Update. "The country remains vulnerable to extreme weather events such as typhoons and heavy monsoon rains," Zafer Mustafaoglu, World Bank country director for the Philippines, Malaysia, and Brunei Darussalam, said in a statement.   https://www.channelnewsasia.com/business/philippines-gdp-growth-hit-typhoons-outlook-robust-says-world-bank-4797951 (ICE SINGAPORE)

Fonte notizia: CNA, 10 December 2024