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World Bank lowers Philippines’ GDP forecast for 2023

december 05, 2023by Reacties uitgeschakeld voor World Bank lowers Philippines’ GDP forecast for 2023

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MANILA, Dec. 5 (Xinhua) — The World Bank has lowered its growth forecast for the Philippines this year to 5.6 percent, an economic report showed Tuesday.

“The Philippine economy is expected to grow by 5.6 percent in 2023 and edge up to 5.8 percent in 2024,” the World Bank said in its semi-annual Philippines Economic Update.

In an earlier report in June, the World Bank forecast the Southeast Asian country

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