WHILE the country's economic growth remained well above trend, analysts expect that this momentum is unlikely to last due to challenges posed by high inflation and interest rates, along with a sluggish recovery in external demand.
"With the drag from higher interest rates yet to filter through the economy in its entirety and global demand likely to weaken, we continue to expect below trend growth in the Philippines over the coming quarters," said Emerging Asia economist Shivaan Tandon.
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