Philippines’ GDP Growth Exceed Past Forecasts

May 12, 2022 · 58s
Philippines’ GDP Growth Exceed Past Forecasts
Description

The Philippines’s economy grew faster than expected in the first quarter, boosting expectations of interest rate hikes to curb rising inflation, a key challenge facing the country’s newly-elected president. The...

show more
The Philippines’s economy grew faster than expected in the first quarter, boosting expectations of interest rate hikes to curb rising inflation, a key challenge facing the country’s newly-elected president.
The Southeast Asian country’s gross domestic product grew 8.3 per cent during the January-March period compared with a year earlier, well ahead of forecasts and faster than the 7.7 per cent expansion in the previous quarter.
Bangko Sentral ng Pilipinas (BSP), the country’s central bank, holds its next policy meeting on May 19 amid growing expectations of an interest rate hike to tame rising prices that could threaten the economic recovery if left unchecked.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search