BusinessWorld E-paper
March 22, 2023
MOODY’S ANALYTICS slashed its growth projection for the Philippine economy to 5.7% this year, as household consumption is seen to weaken due to elevated inflation and rising interest
rates.
In a research note dated March 20, Moody’s Analytics Chief Asia-Pacific Economist Steven Cochrane said the Philippines had the largest downward revision to its growth outlook across the
region.
