11 month162022
The Philippine economy is expected to grow 6.5 percent this year
The Philippines is likely to achieve 6.5% gross domestic product growth, the lower end of the government's growth target, despite rising inflation driven by factors such as consumer spending, an economist said Wednesday.
Inflation accelerated to 6.9 per cent in September and will accelerate further to 7.1-7.9 per cent, according to central bank estimates.