AMRO cuts growth forecasts amid global headwinds

THE ASEAN+3 Macroeconomic Research Office (AMRO) cut its Philippine gross domestic product (GDP) growth outlook for this year and for 2024 due to weak external demand and global headwinds. In its Annual Consultation Report, the think tank said it expects the Philippine economy to expand by 5.6% this year, lower than the 5.9% forecast it […]

AMRO cuts growth forecasts amid global headwinds
THE ASEAN+3 Macroeconomic Research Office (AMRO) cut its Philippine gross domestic product (GDP) growth outlook for this year and for 2024 due to weak external demand and global headwinds. In its Annual Consultation Report, the think tank said it expects the Philippine economy to expand by 5.6% this year, lower than the 5.9% forecast it […]