Domestic demand to fare better this year – think tank

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Philippine Star

Louise Maureen Simeon – The Philippine Star February 18, 2022 | 12:00am MANILA, Philippines — Domestic demand is expected to fare much better this year, allowing an overall recovery well within government expectations, a global think tank said. In an email to The STAR, Makoto Tsuchiya, assistant economist at Oxford Economics, said the gross domestic product (GDP) forecast for the Philippines has been raised to 7.5 percent for 2022. This is a significant upgrade from the 6.5 percent last month following the stronger-than-expected fourth quarter GDP print. Oxford’s latest forecast now falls with…

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