AMRO cuts PH growth forecast to 4.3%

THE Asean+3 Macroeconomic Research Office (AMRO) slashed its 2021 Philippine economic growth projection, attributing it to the reimposition of stricter lockdowns following the emergence of the Delta variant of coronavirus disease 2019 (Covid-19).

In the update of the "Asean+3 Regional Economic Outlook," AMRO said the country's gross domestic product (GDP) is projected to grow by 4.3 percent, down from its earlier 6.4-percent forecast.