Read this in The Manila Times digital edition.
THE International Monetary Fund (IMF) has slashed its 2023 growth forecast for the Philippines and said that interest rates may have to be kept high for a much longer period to address inflation risks.
The Washington-based lender, following the conclusion of Article IV consultations, announced on Tuesday that it now expected the country to post 5.3-percent growth this year, down from the 6.2-percent projected in July.
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