IMF tweaks PH growth outlooks

PHILIPPINE economic growth is expected to be the fastest among developing Asian countries this year despite high inflation and global uncertainties.

In the latest World Economic Outlook, the International Monetary Fund (IMF) raised its 2023 growth forecast for the country to 6.0 percent from 5.0 percent. While lower than the 7.6 percent recorded last year, it is at the bottom end of the government's 6.0- to 7.0-percent forecast.