IMF to revise PH growth forecasts

Aug 24, 2023 12:35 am

THE International Monetary Fund (IMF) will be revising its growth outlook for the Philippines following the second quarter's steeper-than-expected slowdown.

'In light of the second-quarter gross domestic product (GDP) estimates and considering the challenging outlook for the global economy, it may prove difficult to reach the 6.0- to 7.0-percent growth target for 2023,' IMF Resident Representative Ragnar Gudmundsson told The Manila Times on Wednesday.

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