Philippine economy to grow 5.8% in 2024, IMF says

October 3, 2024 - 9:07 AM
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An aerial view shows the Ortigas business district in Pasig City, Philippines, June 10, 2022. Picture taken with a drone. (Reuters/Adrian Portugal/File Photo_

 The Philippine economy will grow 5.8% in 2024, the International Monetary Fund (IMF) said on Wednesday.

The IMF’s latest estimate is down from its July forecast of 6.0%.

 —Reporting by Mikhail Flores; Editing by Martin Petty