THE Philippine economy is expected to post a moderate growth improvement this year of 5.8 percent from 5.5 percent in 2023, the International Monetary Fund (IMF) said, but the result will come in below the government's 6.0- to 6.5-percent target.
THE Philippine economy is expected to post a moderate growth improvement this year of 5.8 percent from 5.5 percent in 2023, the International Monetary Fund said, but the result will come in below the government's 6.0- to 6.5-percent target.'Growth is expected to pick up modestly in 2024-2025,' the IMF said in a report, adding that this would be supported by gradual monetary policy easing amid a small negative output gap.An improvement to 6.
'Growth could also be weaker than expected if the monetary policy stance in advanced economies turns out to be too tight for longer, causing capital outflows and tighter financial conditions,' it added.The IMF also warned that a slowdown in major economies could impact the Philippines through trade and financial links.Natural disasters or extreme climate events could disrupt economic activity, cause casualties and lead to increased government spending.
Sees Moderate PH Economic Growth
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