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Maroc Maroc - WN.COM - Business - 01/Oct 18:04

IMF cuts Philippines growth forecast amid challenges

THE International Monetary Fund (IMF) has trimmed its growth projections for the Philippines amid continuing headwinds. Gross domestic product growth is expected to hit 5.4 percent this year, down from the previous forecast of 5.5 percent and a slowdown from 2024’s 5.7 percent. The revised outlook also falls below the government’s 5.5- to 6.5-percent target for 2025. A rebound to 5.7 percent is expected next year, still lower than the earlier projection of 5.9 percent and again lower than the official 6.0- to 7.0-percent goal for 2026 to 2028. “The revision reflects factors related to the first half performance, which was...

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