Amro sees PH economy growing 7.4% in 2021
Amro projects the Philippine economy to grow by 7.4% in 2021, higher than its previous projection but within the government's target range.
The IMF has a more conservative forecast, predicting 6.6% growth for 2021 and 6.5% for 2022, citing uncertainty over vaccine rollout and continued restrictions.
Infrastructure spending and gradual recovery of the private sector are expected to drive economic rebound, according to IMF's Yongzheng Yang.
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