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Philippines’ 2021 GDP growth likely stronger than previous forecasts — AMRO

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Philippine Star

Ramon Royandoyan – Philstar.com January 25, 2022 | 1:29pm MANILA, Philippines — The Philippine economy likely grew faster than previously projected last year, and continued support from the government is needed to sustain the recovery, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In a new report released Tuesday, the regional surveillance organization projected the country’s gross domestic product (GDP) to have grown 4.9% year-on-year in 2021, higher than its old forecast of 4.3% back in October. But given the higher base from last year, AMRO expects the economy to grow at an annuali…

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