S&P raises PH growth forecast

Nov 28, 2023 12:37 am

THE Philippines will be one of the strongest-performing Asia-Pacific economies this year with growth likely to be higher than previously forecast, revised projections issued by S&P Global Ratings showed.

The debt watcher, in a November 26 report that said growth in the region for this year and the next 'should be strongest in emerging market economies with solid domestic demand,' raised its 2023 Philippine growth forecast to 5.4 percent from 5.2 percent previously.

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