BusinessWorld E-paper
November 29, 2022
S&P GLOBAL RATINGS revised its Philippine economic growth forecast upwards to 7.1% this year but sees slower growth in 2023 due to the impact of higher interest rates and elevated inflation.
In a Nov. 27 report titled “Global Slowdown Will Hit, Not Halt, Asia-Pacific Growth,” S&P raised its Philippine gross domestic product (GDP) forecast to 7.1% this year, faster than the 6.3% estimate it gave in September.
