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IMF raises Philippines GDP forecast

MANILA, Philippines — The International Monetary Fund (IMF) has raised its 2021 economic growth forecast for the Philippines to 6.9 percent from the original target of 6.6 percent, the fastest among members of the Association of Southeast Asian Nations (ASEAN). Yongzheng Yang, resident representative to the Philippines of IMF, said the latest gross domestic product […]

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Philippines: Inflation eases to 4.5% in March

MANILA, Philippines — Inflation unexpectedly eased in March, halting five straight months on the upswing, as prices of most food items – except meat – slowed down, but pressure remains as the rate is still above the government’s target band for the year. Headline inflation the rate of increase in the consumer price index went […]

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