Global banking giant Citi has maintained its 4.9-percent growth forecast for the Philippines' gross domestic product (GDP) this year, taking into consideration the economic effects of an earlier-than-expected relaxation of the community quarantine in Metro Manila.
The estimate is lower than the government's adjusted growth target of 6 to 7 percent, although it is better than the Philippines' 9.6-percent dive last year. The economy stayed in recession as of the first quarter of the year after contracting by 4.2 percent.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.