Read this in The Manila Times digital edition.

DOMESTIC demand and gradual monetary easing will drive Philippine economic growth this year and the next, the International Monetary Fund (IMF) said as it retained forecasts announced earlier this month.

"Consumption growth will be buoyed by lower food prices and the upcoming midterm elections, while investment growth is expected to pick up on the back of a sustained public investment push and gradually declining borrowing costs," a spokesman said.

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