Fitch Solutions sees PH growth slowdown

By Eireene Jairee Gomez

Jan 17, 2023 12:23 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

I love you veggie much

MVP Group assures lawful conditions at CJH

Fed's inflation gauge jumps in December

PEZA, SKorea EV assembler sign deal

PCC wary of NTC approval for blocktimers

Rethinking retirement

PSEi falls to over two-year low