Philippines sees economy slowing, but 'comparatively strong' in 2023


MANILA, Nov 27 (Reuters): Philippine economic growth may ease next year after a likely expansion of more than 7% this year as global risks linger, but it will remain resilient, a top official said on Sunday.

"We may slow down, given still elevated external headwinds & internal challenges, but the economy will remain comparatively strong in 2023," Economic Planning Secretary Arsenio Balisacan said in a tweet.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Philippines , economics , Growth , Steady , 2023

   

Next In Aseanplus News

India's Aam Aadmi Party MLA Gurpreet Gogi found dead, family claims he shot himself accidentally
Yoon Suk Yeol's chief bodyguard resigns
Interpol launches alert notice to trace assets hidden overseas by criminals; Singapore part of pilot operation
Beijing blasts false claims regarding HMPV infection
6,000+ held captive in Myanmar’s human trafficking networks: report
Mercury dips to 22 deg C as monsoon surge hits Singapore
Abducted Chinese actor’s rescue from scam centre spurs families of those missing to act
World’s most innovative country
Season’s frostiest wave sweeps over, as low as below minus 10�C
Maritime security a top priority, says foreign minister

Others Also Read