INFRASTRUCTURE gaps and a weaker external sector recovery could hamper Philippine economic growth, the Asean+3 Macroeconomic Research Office (AMRO) said on Tuesday as it revised its forecasts for the country.
AMRO trimmed its 2024 and 2025 growth outlooks to 6.1 percent and 6.3 percent, respectively, from 6.3 percent and 6.5 percent previously. The revision for 2024 falls within the government's downwardly revised 6.0- to 7.0-percent target while that for next year is short of the 6.5- to 7.5-percent goal.
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