IMF retains PH growth forecasts

Oct 24, 2024 12:28 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Trade tensions open opportunities

Amid lack of catalysts, investors seen cautious

Govt infra spending up by 16.9% in Sept

Fed policy framework review to start next year

UN rules for carbon trading OKd at COP29

Expanded pawnshop services OKd

Meat imports up 12.6% as of September