PHILIPPINE economic growth will likely fall below target this year but not next year despite local and global headwinds, Malaysia's Maybank said.
"Growth will continue to be driven by domestic demand, mainly private consumption, supported by a stable labor market, ongoing infrastructure projects, resilient overseas Filipino workers' remittances and recovery in tourism," Zamros Dzulkafli, Maybank Investment Banking Group analyst, said in a briefing on Wednesday.
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