Economy
Philippine Economy Poised for Over 4% Growth in Q4 Amid Infrastructure Push
The Philippine economy is projected to surpass 4% growth in the fourth quarter, driven by a surge in infrastructure spending after a weak first half. Economists from UA&P anticipate a tepid 2.3% growth for the third quarter but note emerging 'green shoots' in employment, exports, and remittances signaling a recovery.
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- Philippines Economy Poised for Above 4% Growth in Q4
The Philippine economy may return to an above 4% growth path in the fourth quarter, buoyed by record employment, stronger exports and remittances, and an expected rebound in infrastructure spending. However, third-quarter growth is projected to remain tepid.