Reported about 15 hours ago
The Philippine economy faced unexpected slow growth in the fourth quarter of 2024, with GDP increasing by only 5.2%, falling short of targets due to declines in investment, consumption, and agricultural output. A difficult typhoon season and global uncertainties contributed to the slowdown, prompting calls for potential interest rate cuts by the Bangko Sentral ng Pilipinas to stimulate growth amidst cautious optimism for recovery this year.
Source: YAHOO