WITH the Philippines missing its economic growth target for the second consecutive year, this raises concerns over the country's fiscal health. The economy expanded by 5.2 percent year-on-year in the fourth quarter of 2024. This growth rate matched the previous quarter's but fell slightly below the 5.
WITH the Philippines missing its economic growth target for the second consecutive year, this raises concerns over the country's fiscal health. The economy expanded by 5.2 percent year-on-year in the fourth quarter of 2024. This growth rate matched the previous quarter's but fell slightly below the 5.5 percent recorded in the fourth quarter of 2023. The overall economic expansion for 2024 reached 5.6 percent, a marginal improvement from the 5.5 percent growth in 2023.
2 percent saw inflows fall to $368 million from $577 million in September 2023.This mixed performance underscores the ongoing challenges in attracting consistent foreign investments amidst domestic and external uncertainties. While occasional gains were recorded, the overall trend reflects a lack of sustained momentum and a generally declining trajectory. Furthermore, the annual average FDI inflows under Marcos Jr.
At An Economic Crossroads With GDP Growth Misses Mounting Debt And FDI Lag
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