bin picking – World Bank maintains two-year growth forecasts for PH at 6.7%
Despite external shocks, the World Bank is keeping its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure.
In a statement on Friday, the Washington-based multilateral lender said it was keeping its gross domestic product (GDP) growth projections for the Philippines for 2018 and 2019 “despite rising global uncertainty.”
Its forecasts, however, were below the government’s target range of 7-8 percent yearly growth from 2018 to 2022.
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