MANILA -- The Philippines slashed its economic growth target for 2025 down to a range of 5.5% to 6.5%, from the previous 6.0-8.0%, owing to heightened global uncertainties amid Washington's ongoing trade war and tensions in the Middle East.
Economy
Philippines downgrades 2025 GDP growth target to 5.5-6.5%
Government cites global uncertainties over trade war and Middle Eastern situation
People walk past a market beside the railways in Paranaque City, Metro Manila. © Reuters
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