IMF raises PH growth outlook to 6.9%

THE International Monetary Fund (IMF) on Tuesday raised its growth forecast for the Philippine economy this year as the country bounced back in the latter part of 2020.

Yongzheng Yang, IMF resident representative to the Philippines, cited the April 2021 update of the Washington-based financial institution’s World Economic Outlook (WEO) in saying the country’s gross domestic product (GDP) is now seen to grow at 6.9 percent.