Growth still expected to fall below targets

Apr 02, 2024 12:17 am

THE World Bank continues to expect the Philippine economy growth to miss targets due to its vulnerability to climate and geopolitical shocks.

The Washington-based multilateral organization kept its growth forecast for this year at 5.8 percent, below the government's 6.5- to 7.5-percent target, and raised that for 2025 to 5.9 percent from 5.8 percent — still under the medium-term goal of 6.5 to 8.0 percent.

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