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Business > Top Business
PH economy expected to 'catch up' in 2nd half
By Reina C. Tolentino
Sep 29, 2023 12:40 am

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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