MANILA -- The Philippines on Friday revised down its growth target for 2024, to 6.5-7.5% from the 6.5-8.0% range, as inflation and tepid consumer spending weigh on the economy.
The revision was announced hours after President Ferdinand Marcos Jr. said he had ordered a study on the viability of changing the constitution to attract more foreign investment, a potential driver of growth that the country has long been chasing.
