World Bank raises PH growth outlook for 2023 to 6 pct abs-cbn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abs-cbn.com Daily Mail and Mail on Sunday newspapers.
The World Bank has upgraded its 2023 growth forecast for the Philippines as it expects resilient domestic demand to drive growth, despite high inflation.
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that the
Washington-based multilateral lender World Bank has retained its economic growth outlook for the Philippines this year, still taking into consideration the impact of the Russia-Ukraine war on the global economy.