Economic growth in the Philippines is expected to accelerate in Q4 2024 to 6 per cent from 5.2 per cent in Q3 on the back of strong domestic demand, declining inflation and lower policy rates, Nalin Chutchotitham, Citi economist for the Philippines and Thailand, said in a recent report.
Full-year 2024 growth is projected to settle at 5.8 per cent and further accelerate to 6 per cent in 2025.