BusinessWorld E-paper
June 20, 2024
THE PHILIPPINE ECONOMY may grow slower than the government’s targets this year through 2028, as high interest rates weigh on consumption, according to a global think tank.
“High interest rates constrict domestic demand, so that’s one of the reasons why we’re a bit more bearish on the [Philippine] economy,” Andrew J. Staples, Asia-Pacific head of thought leadership and public policy at the Economist Impact, told reporters on the sidelines of the forum.
