AMRO forecasts 6.5% PH growth in 2022, 2023
The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts that the Philippine economy will grow by 6.5% in both 2022 and 2023 due to easing mobility restrictions.
During its virtual annual consultation with Philippine authorities, AMRO stated that despite recurring COVID-19 waves, economic recovery is on track.
Dr. Siu Fung Yiu, AMRO lead economist, projects robust growth driven by continued fiscal support and high vaccination rates.
AMRO emphasized the need for sustained policy support to aid sectors affected by prolonged pandemic restrictions.
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