A VISITING International Monetary Fund (IMF) team expects the Philippine economy to strengthen amid global headwinds, House Speaker Ferdinand Martin Romualdez said on Thursday.
Following the second quarter's lower-than-expected 4.3-percent expansion, IMF officials "said the Philippine economy has the potential to catch up in the second half of the year and faster growth in 2024 despite signs of a global slowdown compared to 2023," Romualdez's office said in a statement.
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