"We expect GDP (gross domestic product) to expand by 6.2 percent in the first quarter, an upward revision from our previous forecast of 6.1 percent," FMIC and UA&P said in the Market Call report for April released yesterday.
They said the forecast is based on high record levels of employment.
"Strong employment gains in the last six months to February provide good basis for GDP growth in the first half, since empirical evidence show that employment gains precede GDP growth," FMIC and UA&P said.
Bu hikaye The Philippine Star dergisinin April 27, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin April 27, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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LAST SHOT AT LAST 8
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