Philippines downgrades 2024 GDP growth forecast to 6%-6.5%

Country now expects 6%-8% growth in 2025 as Trump uncertainty looms

20241202 Philippines GDP downgrade

A woman standing by her flooded house after super typhoon Man-yi hit Quezon town, Nueva Ecija, Philippines, on Nov. 18. © Reuters

RAMON ROYANDOYAN, Nikkei staff writer

MANILA -- The Philippines has downgraded its 2024 economic growth expectations after devastating typhoons hit the country's core agricultural sector in the second half.

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