The International Monetary Fund (IMF) has kept its economic growth forecast for the Philippines at 5.7 percent this year and revised upward the 2020 outlook to 6.3 percent — from 6.2 percent previously — on the back of better government spending and easing of monetary policy.
“The medium-term economic outlook remains favorable, especially if the strong structural reform momentum continues,” IMF said in a statement on Monday.
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