Philippines Gdp Growth 2024. The main contributors to the second quarter 2024 growth were: The association of southeast asian nations plus 3 macroeconomic research office has kept its growth forecasts for the philippines for 2024 and 2025, but inflation and geopolitical issues pose risks.
The government adjusted its economic growth targets downward, aiming for 6% to 7% this year instead of the previously set 6.5% to 7.5%. The philippines’ gross domestic product grew 5.7 percent in the first quarter of 2024, the philippine statistics authority said on thursday.