S&P Global revises PH forecasts

Sep 26, 2023 12:40 am

S&P Global Ratings has issued new growth forecasts for the Philippines, lowering the outlook for this year and 2025 while slightly hiking that for 2024.

The economy is now expected to expand by 5.2 percent this year instead of 5.9 percent, below the government's 6.0- to 7.0-percent target.

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