The ASEAN+3 Macroeconomic Research Office (AMRO) has raised this year’s economic growth outlook for the Philippines to 6.5 percent from 6.2 percent on the back of robust government expenditures and recovering private sector spending. During a virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
Philippine economic recovery is “firmly on track” and is expected to speed up following further relaxation of mobility restrictions and continued policy support, the ASEAN+3 Macroeconomic Research Office (AMRO) said. The regional macroeconomic surveillance organization said on Friday, March 11,...
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippine economy will grow at a much slower pace this year after the highly transmissible Omicron variant rattled the services sector’s recovery. In its ASEAN+3 Regional Economic Outlook released on Tuesday, Jan. 25, the regional...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippines to be the second-worst performing economy in the region this year as the coronavirus pandemic takes a heavier toll on the country. In a note sent to reporters on Thursday, AMRO further lowered its gross domestic product (GDP)...