IMF, AMRO trim PHL 2024 GDP growth outlook

Q: How long will it take to read this news story?

The story "IMF, AMRO trim PHL 2024 GDP growth outlook" has 905 words across 30 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "IMF, AMRO trim PHL 2024 GDP growth outlook" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 75 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21654982</li><li>URL: https://beamstart.com/news/imf-amro-trim-phl-2024-17211472108214</li></ul>

Business Mirror Logo Business Mirror 12h ago

IMF, AMRO trim PHL 2024 GDP growth outlook - Business Mirror

Quick Summary:

THE International Monetary Fund (IMF) and the Asean+3 Macroeconomic Research Office (Amro) revised downward their GDP forecast for the Philippines as headwinds, such as inflation and the weaker-than-expected recovery of the external sector, weigh on the economy.

First, it noted that further challenges to disinflation in advanced economies could force central banks, including the Federal Reserve to keep borrowing costs “higher for even longer.“That would put overall growth at risk, with increased upward pressure on the dollar and harmful spillovers to emerging and developing economies,” the IMF blog noted.

For 2025, Amro sees the Asean+3 region growing by 4.3 percent as the global economy “continues to stabilize and monetary easing in major economies resume.