Citi trims PH growth forecast

Nov 19, 2024 12:27 am

WORSE-than-expected third-quarter economic growth has prompted Citi to trim its Philippine growth forecast for this year to 5.8 percent from 6.0 percent, below the government's 6.0- to 7.0- percent target.

The research unit of the American multinational investment bank on Monday said the move 'mainly reflects the weaker-than-expected outcome in Q3 vs. our previous estimate of 6.4 percent.'

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