IMF slashes 2022 GDP growth to 6.5%

By Tiziana Celine Piatos

Sep 27, 2022 12:20 am

THE International Monetary Fund (IMF) on Monday reduced its growth forecast for the Philippines for 2022 and 2023 due to the economic slowdown and other financial factors.

In a press briefing, the IMF said it is projecting the country's gross domestic product (GDP) growth for 2022 to be at 6.5 percent, weaker than its previous forecast of 6.7 percent.

The headquarters of the International Monetary Fund (IMF). AFP PHOTO

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