Phl One of Asean's Fastest-Growing Economies - AMRO

The Philippines is expected to remain among the fastest-growing economies in Southeast Asia this year, according to the Association of Southeast Asian Nations Plus 3 (ASEAN+3) Macroeconomic Research Office (AMRO).

- By Louella Desiderio

The January Update of the AMRO's ASEAN+3 Regional Economic Outlook released yesterday showed the Philippine economy is projected to expand by 6.3 percent this year from an estimated growth of 5.8 percent in 2024.

The forecasts are unchanged from those provided by AMRO last month.

Should AMRO's growth forecast for the Philippines for 2024 be realized, the country will have the second highest growth in Southeast Asia next to Vietnam, which is expected to have posted 7.1 percent growth last year.