THE Asean+3 Macroeconomic Research Office (AMRO) has lowered its outlook for Philippine economic growth given recent developments.
Gross domestic product (GDP) growth will likely hit 5.8 percent this year, it said in an annual consultation report released on Monday, below the government's just-revised 6.0- to 6.5-percent target. While an improvement from 2023's 5.5-percent expansion, it is lower than the 6.1-percent estimate issued in September following a consultation visit.
