AMRO Predicts Steady Economic Growth for the Philippines Despite Global Slowdown
Manila: Philippine economic growth is projected to remain robust despite a global economic slowdown and the introduction of a 19 percent US reciprocal tariff, according to an economist from the ASEAN+3 Macroeconomic Research Office (AMRO). In a recent virtual briefing, AMRO Group Head and Principal Economist Allen Ng emphasized that the direct impact of the tariff on the Philippine economy would be limited. According to Philippines News Agency, AMRO anticipates slower economic growth for the Philippines due to the expected deceleration of the global economy. The July ASEAN+3 Regional Economic Outlook (AREO) by AMRO forecasts Philippine economic growth of 5.6