JAPANESE investment firm Nomura has lowered its 2022 Philippine growth forecast, citing a "disappointing" second-quarter result and an expected second-half slowdown.
Gross domestic product (GDP) growth not only lost significant momentum in March to April by slowing to 7.4 percent year on year from 8.2 percent three months earlier, it said, it also shrank by 0.1 percent quarter on quarter in an indication that total output was still only marginally above pre-Covid levels.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.