Analysts: PH growth likely to slow further

May 12, 2023 12:30 am

THE economy could continue to outperform moving forward, but a slowdown is more likely given still-high inflation and rising interest rates, analysts said.

Gross domestic product (GDP) grew by 6.4 percent in the first quarter, the government reported on Thursday, beating consensus expectations of a 6.0-percent slowdown and outperforming other regional economies.

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

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