MANILA: Economic growth this year might fall short of President Marcos’ goal, Citi Research says as it turned less bullish on the country after the onslaught of recent typhoons that had weighed on output in the third quarter (3Q).
The American banking giant trimmed its gross domestic product (GDP) growth forecast on the Philippines for 2024 to 5.8%, from 6% previously, to take into account the “weaker-than-expected” expansion in the three months through September.
