Standard maintains PH growth outlook

By Mayvelin U. Caraballo

Jul 30, 2022 12:25 am

BANKING giant Standard Chartered Bank is maintaining that the Philippine economy would expand beyond the government's target this year, forecasting gross domestic product (GDP) increased by double digits in the second quarter of 2022.

'For the Philippines, my growth forecast is at 8 percent for 2022 for GDP,' Jonathan Koh, the lender's economist for Asia and Philippines, announced during a media briefing on Friday.

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