Growth drop seen if rates remain high

Feb 17, 2024 12:25 am

THE Philippine economy could experience a downturn with the full impact of monetary policy tightening expected to materialize this year, an economist said.

Pantheon Macroeconomics' Miguel Chanco said gross domestic product (GDP) growth could slow to 4.8 percent in 2024, down from last year's 5.6 percent and marking the lowest full-year result since 2011.

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