AMRO keeps ’24 forecasts for growth, inflation in PHL

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HIGHER public spending and an increase in services exports will be the primary drivers of the country’s GDP growth this year, according to the Asean+3 Macroeconomic Research Office (AMRO).

However, recent US economic indicators have sparked some concerns for the region.“An increasing number of central banks worldwide have begun easing monetary policy, and China has recently announced a broad set of stimulus measures to support its economy.

These actions will have positive spillover effects on the rest of region,” Khor said.“However, rising external and geopolitical uncertainties underscore the need to continue strengthening resilience and enhancing cooperation in the region,” he added.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaHong KongJapanMyanmarVietnam

Topics: Growth Khor Exports Amro 2024 Inflation Year Percent Region Asean+3 Forecast

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 16:21:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 720 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22866176

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