Fitch Solutions hikes PH growth outlook

By Mayvelin U. Caraballo

Aug 12, 2022 1:01 am

FITCH Solutions has raised its 2022 Philippine growth forecast on account of a strong first half and despite an anticipated second semester slowdown.

'Due to better-than-expected economic performance in H122 (the first half of 2022), we have raised our 2022 real GDP (gross domestic product) growth forecast to 6.6 percent in 2022, from 6.1 percent previously,' the financial information services provider said in a report released on Thursday.

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