PH growth strong amid challenges

By Mayvelin U. Caraballo

Jul 14, 2022 12:25 am

THE economy will likely grow by 6 to 7 percent this year despite global and domestic challenges, the investment banking arm of the Metrobank Group said on Wednesday.

'At the start of the year, we projected the growth acceleration of the Philippine economy but so many unexpected events happened in the last six months that abated the strong growth momentum of 8.3 percent in the first quarter of the year,' Jose Patricio Dumlao, president of First Metro Investment Corp. (FMIC), said in a statement.

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