Recently, the International Monetary Fund (IMF) downgraded most growth projections because of weaker private consumption and elevated uncertainty in investment. Those are the twin engines of the Philippine economy. So, what’s ahead for economic recovery?
AS I wrote in a report two months ago (https://www.differencegroup.net/coronavirus-briefs), the global economic outlook of the IMF (April 2020) was too optimistic. Last week, the IMF downgraded most of its projections. Now global growth is projected at -4.9 percent in 2020, almost 2 percentage points below the previous forecast.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.