WB trims PHL’s 2023 growth forecast from 5.8% to 5.6%
The Philippine economy may post an even slower growth this year as inflation continues to increase, according to the World Bank (WB).
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The Philippine economy may post an even slower growth this year as inflation continues to increase, according to the World Bank (WB).
AN economist-lawmaker on Sunday seconded President Ferdinand Marcos Jr.’s statement in the World Economic Forum that the Philippine growth outlook remains bright despite global recession fears, with the House tax panel chairman asserting that, “absolutely there will be no recession for the Philippines in 2023.”
LOCAL economists are proposing a number of measures, including going after smugglers and hoarders as well as raising real wages, to rein in inflation and stimulate the economy this year.
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