Philippines' economy projected to grow over 6% through 2025, with risks of inflation and major trading partners' slowdowns, per AMRO.

The Philippines' economy is projected to grow over 6% in 2023-2025, driven by government spending, private consumption, and external demand, according to AMRO. While growth forecasts are stable at 6.1% for 2024 and 6.3% for 2025, risks include inflation, particularly from food prices, and slowdowns in major trading partners like the US and China. AMRO recommends enhancing macroprudential tools and increasing infrastructure investment to support long-term growth.

September 10, 2024
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