AMRO revises PH growth forecasts for 2022, 2023

By Eireene Jairee Gomez

Jan 18, 2023 12:45 am

Philippine economic growth likely accelerated by 7.3 percent in 2022, the Asean+3 Macroeconomic Research Office (AMRO) said on Tuesday, faster than the 6.9 percent previously forecast.

'The Philippines had a very strong [performance] last year... despite the headwinds in the last quarter,' AMRO chief economist Hoe Ee Khor said during the launch of the Asean+3 Regional Economic Outlook (AREO) 2022 report.

Moderate traffic and high-rise construction activities are visible in Makati on Sunday, Jan. 15, 2023, a sign of the Philippine economy recovering. PHOTO BY J. GERARD SEGUIA

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