BusinessWorld E-paper
May 29, 2024
PHILIPPINE economic growth may fall below the government’s target this year and in 2025, as high interest rates dampen domestic demand, the Bangko Sentral ng Pilipinas (BSP) said.
“The outlook on domestic economic activity remains intact, even as the economy is projected to operate slightly below potential. Economic growth could settle below the DBCC’s (Development Budget Coordination Committee) target of 6-7% for 2024 and 6.5 7.5% for 2025,” the BSP said in its latest Monetary Policy Report.
