AMRO: 2020 PH growth to hit 6.4%

PHILIPPINE economic growth is forecast to pick up to 6.4 percent this year on the back of increased government spending, according to the Asean+3 Macroeconomic Research Office (AMRO).

In a statement on Tuesday, the regional macroeconomic surveillance organization said the country’s economy would rebound despite gross domestic product registering an eight-year-low of 5.9 percent in 2019.