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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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

19-year manhunt for S’porean tycoon involved in $72 million embezzlement case ends in JB
Yoon declares martial law
Court upholds death sentence for tycoon
Japan to use AI to tackle online manga and anime piracy
China actress Huang Yi, from ‘lousy men collector’ to helping burn-injured kids
FashionValet: Vivy, husband to be charged on Dec 5
Exclusive-Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources say
Hong Kong will display 2,500 panda sculptures to capitalise on a local bear craze
Asean News Headlines at 10pm on Tuesday (Dec 3, 2024)
South Korean president declares emergency martial law, accusing opposition of anti-state activities

Others Also Read