Amro cuts 2026 PH growth forecast

MANILA, Philippines — The Philippines may post its weakest growth in nearly two decades this year, outside of the Covid-19 pandemic, as high inflation bites the economy where it hurts the most: consumer spending. Gross domestic product (GDP) is projected to expand 3.4 percent in 2026 from a year earlier, officials of the Asean+3 Macroeconomic