MANILA, Philippines — A United Nations agency has kept its 2018 growth estimate for the Philippines, amid broadly stable outlook for economic growth in the Asia Pacific region. If realized, it would miss the Philippine government’s 7-8 percent growth target for 2018 until 2022. For 2019, the ESCAP said the economy might grow at a faster rate of 6.9 percent, still below the government’s expectation. Meanwhile, Southeast Asia’s aggregate growth rate might hit 5.1 percent this year and 5.2 percent next. Meanwhile, the International Monetary Fund retained its GDP growth projection for the Philippines at 6.7 percent in 2018 and 6.8 percent next year.

Source: Philippine Star May 08, 2018 03:10 UTC