World Bank lowers PH growth forecasts

By Anna Leah E. Gonzales

Apr 02, 2019 12:50 am

The World Bank on Monday trimmed its 2019 Philippine growth forecast — to 6.4 percent from 6.5 percent previously — given budget approval delays, an ongoing El Niño and a global slowdown.

Estimates for 2020 and 2021 were also trimmed to 6.5 percent from 6.6 percent, the multilateral financial institution said in its latest Philippines Economic Update.

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