World Bank hikes PH growth forecas
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NewsTranscript
00:00expecting the country's economy to expand by 6% in the next three years. The multilateral
00:06lender increased its 2024 Gross Domestic Product or GDP growth forecast for the country from
00:125.8% in its previous report. Meanwhile, the growth forecast in 2025 was raised to 6.1%,
00:20up from the earlier estimate of 5.9%. According to World Bank, the latest economic
00:26outlook is positive as it is supported by strong domestic demand, accommodating monetary
00:31policy and continued public investment.