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BusinessWorld E-paper

January 12, 2023

PHILIPPINE economic growth would probably slow to 5.4% this year, from an
estimated 7.2% in 2022, amid a looming global recession, the World Bank (WB) said.

In its latest Global Economic Prospects report, it trimmed its gross domestic product (GDP) growth forecast for
the Philippines from its 5.6% projection in June.

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