IMF trims PH forecasts

by Ed Paolo Salting - Reuters

Oct 03, 2024 12:39 am

Private consumption expected to 'grow slightly with less momentum'

THE International Monetary Fund (IMF) has cut its growth projections for the Philippines following a slowdown in private consumption.

Elif Arbatli-Saxegaard, chief of a visiting IMF mission, told a briefing on Wednesday that the global lender now expects the country to grow by 5.8 percent this year, down from a July forecast of 6.0.

IMF Mission Chief Elif Arbatli Saxegaard. Photo from DBM FB page

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Private consumption expected to 'grow slightly with less momentum'

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