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IMF slashes Philippines growth forecasts

MANILA, Philippines — The International Monetary Fund sees the Philippines’ real gross domestic product (GDP) growing by 6.5 percent in 2022, but slowing to five percent in 2023 as global shocks weigh on the economy in the coming months, according to  IMF mission head Cheng Hoon Lim. “The Philippines has successfully emerged from one of […]

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Philippines: Rate hikes likely to continue

MANILA, Philippines — The research units of Fitch and Moody’s Groups sees the Bangko Sentral ng Pilipinas (BSP) delivering more rate hikes until December to tame inflation and stabilize the peso. In a report, Fitch Solutions Country Risk & Industry Research said the BSP is expected to hike in tandem with the US Federal Reserve […]

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