AMRO maintains growth forecasts for PH at 6.1%

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The ASEAN+3 Macroeconomic Research Office is keeping its growth forecasts for the Philippines at 6.1 percent in 2024 and 6.3 percent in 2025, on the back of higher government spending and services exports.

Khor said like other countries, the Philippines suffered from elevated interest rates, but the Bangko Sentral ng Pilipinas recently started its monetary easing cycle with a 25-basis-point reduction in August. “Recent developments have shifted the risk landscape for the ASEAN+3 region,” said Khor. “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. The potential escalation of protectionist policies following the US presidential election is another key risk for the region.”

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MlaStandard /  🏆 20. in PH

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