PHL outlook remains favorable despite scaled-back growth targets — DEPDev

THE Department of Economy, Planning, and Development (DEPDev) said the medium-term economic outlook remains favorable despite lower growth assumptions, citing resilient domestic demand and a growing services sector. In a statement on Wednesday, DEPDev said the Philippines’ “sound macroeconomic fundamentals, resilient domestic demand, and growing services sector” have placed it in a stronger position than […]