The Philippine economy could expand by 8 percent this year despite elevated inflation and higher interest rates, Standard Chartered Bank economist Jonathan Koh said Wednesday. This year’s gro…
The Philippine economy could expand by 8 percent this year despite elevated inflation and higher interest rates, Standard Chartered Bank economist Jonathan Koh said Wednesday.
“A lot of it is really going to be driven by consumer spending as well as investments… I think the Philippines is much more domestically driven, private consumption is still going to be a key driver for the Philippines,” Koh said. In the first quarter, gross domestic product grew 8.3 percent, with some economists expecting an even better second quarter due to the national elections.
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