HIGHER government spending as well as an upturn in external demand are expected to propel Philippine economic growth this year and the next, the Asean+3 Macroeconomic Research Office (AMRO) said on Tuesday.
“The Philippine economy is expected to grow by 6.1 percent in 2024 and 6.3 percent in 2025, driven by higher government spending as well as an upturn in external demand and strengthening domestic demand,” AMRO principal economist Runchana Pongsaparn said.
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