World Bank cuts Philippine 2023 growth forecast to 5.6%

MANILA  -The Philippine economy is now expected to grow slower in 2023 than previously forecast as domestic growth reflected the general trend among large developing economies in East Asia and the Pacific. In an update of the World Bank’s (WB) economic outlook for the region, the multilateral lender said the Philippines was now seen growing … Continue reading World Bank cuts Philippine 2023 growth forecast to 5.6%