AMRO raises PH growth outlook

By Mayvelin U. Caraballo

Mar 12, 2022 12:25 am

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.'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BSP lowers key rates

Fed cuts rates but sees fewer in 2025

Peso again hits P59:$1; PSEi down for 7th day

BOI approves record P1.62T in investments

BOP shortfall surges to $2.3B

Crackdown vs profiteers eyed by Agriculture chief

DTI: Hungarian firms keen on investing in PH