Moody’s Analytics forecasts PH economy growing 8.8% in Q2 ‘22

Moody’s Analytics forecasts the sustained expansion of the Philippine economy in the second quarter of 2022 at 8.8 percent.

“Private consumption and investment will buoy second-quarter growth, but higher inflation rising interest rates, and fiscal consolidation will see the economic expansion slow in the second half of the year,” it said. The domestic economy grew, as measured by GDP, by 8.3 percent in the first three months of this year, sustaining its expansion since recovering from negative output in the second quarter of last year when it rose by 12.1 percent.

Economic managers said household consumption and private investments are projected to back the economy’s continued recovery amidst the impact of higher inflation, among others.

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