Read this in The Manila Times digital edition.
THE Philippines' growth momentum will likely slow over the coming quarters, Fitch Solutions said on Monday, mainly due to factors such as high inflation, continued interest rate hikes and weakening external demand.
"We expect growth in the Philippines to slow to 5.9 percent in 2023 from an estimated 7.4 percent in 2022," said Low Shi Cheng, Fitch Solutions country risk analyst, during the "Asia Pacific Macroeconomic Update: Key Themes for 2023" webinar.
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