AMRO cuts 2023 PH economic growth outlook to 5.6%

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AMRO cuts 2023 PH economic growth outlook to 5.6%
Transcript
00:00 The ASEAN Plus Three Macroeconomic Research Office, or AMRO, cuts its 2023 Philippine
00:06 economic growth forecast.
00:08 The country's economy is expected to expand by 5.6 percent this year, lower than the 5.9
00:14 percent forecast in September.
00:16 AMRO also cited various risks to long-term growth, such as scarring effects from the
00:21 pandemic, slow infrastructure development, impact from climate change, natural disasters
00:27 and geopolitical tensions.

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