PH growth seen slowing this year

Jan 10, 2024 12:48 am

PHILIPPINE growth will likely slow this year but remain one of the highest among the Asean-6 economies that include Vietnam, Malaysia, Singapore, Indonesia and Thailand, DBS Bank Ltd. said.

In a January outlook for the six Association of Southeast Asian Nations (Asean) countries, the Singaporean multinational forecast Philippine gross domestic product (GDP) growth of 5.3 percent for 2024, short of the government's target of 6.5-7.5 percent and moderating from the expected 5.8 percent for last year.

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