BusinessWorld E-paper
April 20, 2022
THE International Monetary Fund (IMF) expects a faster expansion for the Philippine economy this year, but still below the government’s growth target as the ongoing war
in Ukraine clouds the global economic outlook.
In its latest World Economic Outlook (WEO) released on Tuesday, the IMF raised its 2022 growth projection for the Philippines to 6.5% from 6.3% previously. This is lower than the government’s 7-9% target for this year.
