StanChart raises PH GDP growth outlook to 7.5% in 2022
Standard Chartered Bank raised its Philippine GDP growth outlook for 2022 to 7.5%, up from the previous forecast of 6.6%.
The bank attributes this increase to base effects, continued economic reopening, fiscal consolidation, and accommodative monetary policy.
In the third quarter of 2021, the economy grew by 7.1% amid lockdown restrictions due to the Delta variant surge.
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