Economy seen growing faster

Mar 26, 2024 12:31 am

ECONOMIC growth will likely pick up this year due to higher infrastructure spending by both the government and the private sector, economists from the University of Asia (UA&P) and the Pacific and First Metro Investment Corp. (FMIC) said.

First quarter growth, in particular, was forecast to hit 6.1 percent — up from 5.6 percent in the fourth quarter of 2023 but slightly lower than the year-earlier 6.4 percent.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Business sentiment down in Q1

Protect global trade, China's Xi urges multinational CEOs

Trade deficit eases to $3.15B in Feb

Housing prices rebound in Q4 2024

Consumers urged to cut power use this weekend

PEZA breaks ground for pharma ecozone

Solar power a game changer for SMEs