Diokno confident PH GDP can hit 6% in 2020

Philippine GDP growth remains optimistic at 6%, despite the threat of COVID-19, according to BSP Governor Benjamin Diokno.

Capital Economics predicts a negative impact on Q1 growth due to reduced tourist arrivals from China and South Korea, which were previously growing strongly before the virus outbreak.

The IMF maintains its Philippine growth forecast for this year at 6.3%, despite lowering global forecasts due to the ongoing spread of COVID-19.