GDP growth seen to pick up to 6.3% – Maybank

THE Philippine economy is expected to rebound in 2020 after falling to an eight-year low last year on the back of monetary policy easing, increased government spending and more tax reforms, according to an analyst from Maybank Kim Eng.

In a briefing in Makati City on Thursday, the bank’s chief economist Suhaimi Ilias said the country’s gross domestic product (GDP) growth “is expected to strengthen to 6.3 percent in 2020.”