Philippines’ economy to remain resilient

The Philippines’ economy is projected to stay resilient this year amid short-term challenges, regional think tank ASEAN+3 Macroeconomic Research Office said in a report on Monday, noting the growth will be supported by robust domestic demand. The Philippines’ economic growth slowed to 6.2 percent in 2018, due to weaker external demand and private consumption. The economy is projected to recover to grow by 6.4 percent this year, according to the 2018 Annual Consultation Report on the Philippines.