The Association of Southeast Asian Nations Plus 3 Macroeconomic Research Office (AMRO) has maintained its growth forecasts for the Philippines for this year and the next, even as it lowered its inflation outlook for the year, as reported by Philstar Biz.
The regional economic watchdog kept its growth projections steady amid sustained domestic demand and expected improvements in government spending, while trimming its inflation estimate due to easing global commodity prices and stable food supply.
AMRO's assessment aligns with other international institutions that see the Philippine economy expanding at a moderate pace, supported by remittances, services exports, and infrastructure spending, though risks from external headwinds remain.