INQUIRER.net: IMF lowers PH growth forecast

INQUIRER.net Philippine News for Filipinos

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IMF lowers PH growth forecast Sep 24th 2013, 02:42 MANILA, Philippines — The International Monetary Fund (IMF) has cut its growth forecast for the Philippine economy to 6.75 percent this year amid volatility in global financial markets, which may slightly offset the country's strong fundamentals. The new forecast is lower than the previous 7-percent outlook the multilateral lender had for the country. This is also slower than the 7.6-percent growth posted in the first half of the year, implying the continued deceleration in the country's expansion in the second half. The lowered outlook came following an IMF mission in Manila last September 17 to 20. "As in other emerging markets following the announcement of prospective ta... Keep on reading: IMF lowers PH growth forecast

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