Weak export demand seen limiting PH growth this year

ACHIEVING the government’s 6.5- to 7.5-percent growth target for 2024 will be difficult given economic difficulties in key export markets, a Fitch Group unit said.

“Like many of its regional peers, a deteriorating external demand picture will exert the biggest drag on the Philippines’ economy,” BMI Country Risk & Industry Research said in a report released on Monday.

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