IMF reverts to original 6% growth forecast for PH amid disappointing data

MANILA, Philippines — The International Monetary Fund (IMF) has revised its growth forecast for the Philippines for the second time this year, saying it would now grow by just 6 percent amid weaker-than-expected household consumption and investments. IMF mission chief Elif Arbatli-Saxegaard said during a press conference on Monday that household spending and investment figures
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