BusinessWorld E-paper
July 27, 2023
THE PHILIPPINES is on track to be one of the fastest-growing economies in the Asia-Pacific region this year, Moody’s Analytics said, but faces risks from China’s
slow economic recovery and a potential reacceleration of inflation arising from Russia’s exit from the Ukraine grain deal, India’s rice export ban, and El Niño.
Moody’s Analytics Chief AsiaPacific Economist Steven Cochrane said the expansion of the Philippine economy will mainly be supported by strong domestic demand and high infrastructure spending this year.
