Growth forecast for PH lowered

Think-tank Asean+3 Macroeconomic Research Office (Amro) has cut its 2017 and 2018 growth forecasts for the Philippines partly on the back of slower investment and consumption in the first half even as it flagged risks related to the government's delivery of its ambitious infrastructure plan. Meanwhile, the International Monetary Fund kept its 2017 growth forecast of 6.6 percent for the Philippines, with the country poised to grow the fastest in Asean-5. "The Philippine economy is expected to grow by 6.6 percent this year before quickening to 6.8 percent in 2018 as public sector infrastructure spending gains pace while domestic consumption and exports remain buoyant. To support the ...Keep on reading: Growth forecast for PH lowered

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