The Philippine government lowered its 2024 economic growth forecast to 6.0%-6.5% due to global uncertainties.

The Philippine government has revised its 2024 economic growth target to 6.0% to 6.5%, down from 6.0% to 7.0%, due to global uncertainties including potential impacts from US trade policies. The economy grew 5.2% in the third quarter, its weakest in over a year. The growth target for 2025-2028 was widened to 6.0% to 8.0%. The inflation assumption for 2024 was revised to 3.1% to 3.3%.

December 02, 2024
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