OECD forecasts slower PH growth

Philippine economic growth will slow this year, an Organization for Economic Cooperation and Development (OECD) think tank said, with a second-semester acceleration unlikely to overcome the first half’s below-target result.

Released on Tuesday, the OECD Development Centre’s “Economic Outlook for Southeast Asia, China and India 2018” estimated that the Philippine economy, as measured by gross domestic product (GDP), would expand by 6.6 percent this year.