Gov’t outlays to boost PH ahead of midterm polls —UBS

MANILA, Philippines  —Government spending will likely speed up economic growth this year, with state expenditures expected to swell by 7 to 8 percent despite a slump in the fourth quarter of 2023, according to Swiss banking giant UBS Investment Bank. UBS Global Research on Wednesday maintained its 5.7 percent gross domestic product (GDP) growth forecast
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