Macroeconomic Forecast PhilippinesJune 2009 | Macroeconomic Forecasts
We have lowered our 2009 GDP growth forecast from 2.8% to 0.9% after having made adjustments to our assumptions for capital investment and exports. We have also adjusted down our 2010 GDP growth forecast from 3.4% to 2.4%. Despite the lower growth projections, we still expect the Philippines to be a regional outperformer.
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