PHILIPPINE economic growth could return to target this year, an economist said, but a global trade war — its scope and magnitude in particular — arising from US protectionism could have significant consequences. Security Bank Corp. research head and chief economist Angelo Taningco told reporters on Wednesday that an economic conflict between countries posed the biggest risk to this year's economic performance. Taningco said gross domestic product (GDP) growth could hit 6.1 percent this year, near the lower end of the government's 6.0- to 8.0-percent target. GDP growth was 5.6 percent last year, below the 6.0- to 6.5-percent goal, and was also short of the 6.0- to 7.0-percent target in 2023 at 5.5 percent.   https://www.manilatimes.net/2025/02/27/business/top-business/trade-war-biggest-risk-to-ph-growth/2063140    (ICE SINGAPORE)

Fonte notizia: The Manila Times, 27 February 2025