Moody’s think tank sees Q1 growth at 5.5%

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The story "Moody’s think tank sees Q1 growth at 5.5%" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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Moody’s think tank sees Q1 growth at 5.5% - Business Mirror

Quick Summary:

DESPITE expectations of recovery, the Philippine economy is poised to accelerate to only 5.5 percent in the first quarter of the year, according to Moody’s Analytics—still below the Marcos administration’s target of 6 to 8 percent.

Headline inflation eased to 1.8 percent year-on-year in March, the lowest since the height of the Covid-19 pandemic in May 2020, from 2.1 percent in February.

Bangko Sentral ng Pilipinas (BSP) Governor Eli M.Remolona Jr.told Malacañang reporters on Monday that the country’s economic growth will be an “important factor” in deciding the monetary policy stance.