THE impact of high inflation remains a key concern for the Philippine economy, but growth overall is expected to remain robust, the Asean+3 Macroeconomic Research Office (AMRO) said on Monday.

In a statement, AMRO said the country would likely grow by 5.6 percent this year, down from the 5.9 percent previously forecast and below the government's target of 6.0 to 7.0 percent.

The outlook for next year was also trimmed to 6.3 percent from 6.5 percent, also below the official 6.5- to 8.0-percent goal for 2024-2028.

Read more:
https://www.manilatimes.net/2023/11/28/business/top-business/ph-inflation-a-key-concern-amro/1921821

Published : 5-Dec-2023