World Economy

Philippine GDP Forecast at 6.3%

Philippine  GDP Forecast at 6.3%Philippine  GDP Forecast at 6.3%

In a quarterly outlook for Asia-Pacific economies, the Singapore lender said Philippine economic growth this year is expected to come in at 6.3%, which is the same estimate it gave on Jan. 30, while for 2016 it projected 6.0%, Business World reported. The 2015 forecast represents a slight acceleration from the 6.1% expansion seen last year, but lags the 7%-8% target set by government.