Gdp 2024 Philippines. The world bank has trimmed its growth forecast for the philippines for this year but still expects strong growth in the medium term. The economy slowed sharply in q2 and we expect below trend growth to persist over the rest of the year as tight monetary policy, slower growth in remittances and soft export.

Establishing a credible yield curve and restoring the interest rate swap market, including by making the reverse repurchase rate the official reference rate for interest rate. Following a series of destructive calamities that have battered the philippines and impacted its economy, the world bank has reduced its 2024 gross domestic product (gdp) growth forecast for the country to 5.9 percent.