The International Monetary Fund (IMF) has lowered its 2018 growth forecast for the Philippines for 2018 to 6.5 percent from 6.7 percent, citing above-target inflation and external uncertainties as primary constraints.
“The economy continues to perform well but is facing new challenges from rising inflation and a less benign environment, in addition to persistent poverty and inequality,” the Washington-based lender said in a statement following its latest Article IV consultation with the Philippines.
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