MANILA : The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0 per cent, but said on Friday high inflation was a downside risk to the outlook and should be tackled with both fiscal and monetary measures.The IMF projected next year's GDP expansion for
MANILA : The International Monetary Fund kept its economic growth forecast for the Philippines this year at 6.0 per cent, but said on Friday high inflation was a downside risk to the outlook and should be tackled with both fiscal and monetary measures.
The IMF's growth forecast for this year is at the low end of the government's growth target of 6.0 per cent to 7.0 per cent. "The main downside risks to the outlook continue to be persistently high core inflation, depreciation pressures amid tighter global conditions, geoeconomic fragmentation, and balance sheet impacts related to higher borrowing costs," the IMF said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain ditches commitment to remove all EU laws by the end of 2023LONDON: The British government no longer intends to remove all European Union laws by the end of this year, a flagship policy for hardline Brexiteers that sparked warnings from business and the opposition about legal uncertainty and bureaucratic chaos. The government said on Wednesday (May 10) it would ame
Read more »
Britain ditches commitment to remove all EU laws by the end of 2023The government will still end the special status of retained EU law by the end of the year. Read more at straitstimes.com.
Read more »
Seville to host 2023 Billie Jean King Cup FinalsLONDON : Seville will host the 2023 Billie Jean King Cup Finals, the International Tennis Federation announced on Wednesday.The showpiece women's team event, featuring 12 nations, will take place from Nov. 7-12.It is the first time since 2008 that Spain has hosted the finals of the competition, kno
Read more »
South Korea think tank cuts 2023 growth forecast due to poor exportsSEOUL : South Korea's top government research body has cut its economic growth forecast for this year to 1.5 per cent from its earlier view of 1.8 per cent, saying a deeper and longer export slump than previously expected is likely to offset resilient private consumption.The Korea Development Institute's
Read more »
SEA Games 2023: Indonesia accuse Singapore of using VALORANT bug, forfeit gold medal match in 'protest'Indonesia was down 4-10 when the game took a technical pause that lasted for at least two hours, before the stream ended without a conclusion.
Read more »
Will Rental Prices for HDB and Private Properties Come Down in 2023?Renting in Singapore has become a costly affair as rents have sky-rocketed over the course of the pandemic. Will rental prices come down in 2023? Here are 5 things we can expect from the rental market in Singapore this year.
Read more »