THE Asean+3 Macroeconomic Research Office (AMRO) has raised the growth outlook for the Philippine economy, but their forecast remains below the government's target as Covid-19 pandemic remains a key risk.

"The Philippines economy is expected to recover robustly by 6.5 percent in both 2022 and 2023," AMRO lead economist Siu Fung Yiu was quoted as saying in a statement released on Friday. "Continued fiscal support and a high vaccination rate will help keep the economy relatively open and sustain the recovery momentum."

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