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IMF hikes PH forecasts

PHILIPPINE economic growth is expected to again be one of the highest in the region with the International Monetary Fund (IMF) having raised its forecasts for this year and the next.

In its latest World Economic Outlook (WEO), the IMF forecast 6.2-percent gross domestic product (GDP) growth for both 2024 and 2025, up from 6.0 percent and 6.1 percent, respectively.