Growth to moderate but stay strong

Growth to moderate but stay strong – S&P

Apr 25, 2023 12:28 am

PHILIPPINE economic growth is expected to slow below 6.0 percent this year and the next following last year's above-target 7.6 percent, a senior S&P economist said on Monday.

'Because of base year effects, we expect that the growth rate of the Philippines this year will moderate somewhat because last year was so strong,' S&P Global Market Intelligence Asia-Pacific Chief Economist Rajiv Biswas told The Manila Times.

Skyscrapers are seen along Ayala Avenue in the center of the Makati Business Distict. PHOTO BY J. GERARD SEGUIA

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