PH economy likely to grow by 6-6.5% in 2022

By Anna Leah E. Gonzales

Jun 30, 2022 12:25 am

DESPITE the effects of the pandemic and the Russia-Ukraine war, the Philippine economy is projected to grow by 6 to 6.5 percent this year, economists said on Wednesday.

Dr. Victor Abola, University of Asia and the Pacific (UA&P) director for Strategic Business Economics Program, said the country's gross domestic product (GDP) is forecast to grow by 6 percent this year but noted that inflation will continue to be above the government's 2- to 4-percent target driven by the continued increase in oil prices.

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