THE Asean+3 Macroeconomic Research Office (AMRO) is maintaining its forecasts for Philippine growth, saying that this would be buoyed by investments and services exports, even as it trimmed the outlook for the region.
THE Asean+3 Macroeconomic Research Office is maintaining its forecasts for Philippine growth, saying that this would be buoyed by investments and services exports, even as it trimmed the outlook for the region.'We did not change the forecasts for the Philippines as with regard to GDP ,' AMRO chief economist Hoe Ee Khor said during the release of an October update to its regional outlook.The country is still expected to grow by 6.1 percent this year and 6.
8 percent in 2024, but the Plus-3's expansion will be lower at 4.1 percent from 4.4 percent previously.'Recent developments have shifted the risk landscape for the Asean+3 region,' Khor said.'The sharp but short-lived market adjustments that we witnessed in early August is a reminder of the risk of further spikes in financial market volatility,' he added.
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