BusinessWorld E-paper
February 14, 2023
NOMURA HOLDINGS, Inc. has raised its Philippine gross domestic product (GDP) growth estimates for this year and 2024, though these were still below the government’s forecast.
In the report “Philippines: A shallower growth dip,” Nomura Chief ASEAN (Association of Southeast Asian Nations) economist Euben Paracuelles and analyst Rangga Cipta said the Philippine economy is now expected to grow by 5.5% this year, from 4.3% previously.
