IMF sees Philippines’ GDP growth at 6.7 percent in 2018, 2019

MANILA (Reuters) – The Philippines is likely to sustain economic growth of 6.7 percent this year and in 2019, underpinned by strong consumption and investment, the International Monetary Fund said on Wednesday.

However, it noted that near-term risks from rising inflation and a changing external environment had increased.

“To strike the right balance between growth and macroeconomic stability, policies need to be adjusted to reduce inflationary pressures, while structural reforms should continue to support inclusive growth,” the IMF said in a statement issued following its regular “Article 4” review of the Philippines’ economy.

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