• Supported by an acceleration in public investment and better export performance, Philippine economic growth may bottom out this year and start bouncing back in the second half of 2024, according to the International Monetary Fund (IMF).
• Based on a report prepared by an IMF team after the latest Article IV consultation, the gross domestic product (GDP) growth of the Philippines may hit bottom at 5.3 percent this year before bouncing back to six percent next year.
• “Growth is expected to bottom out in 2023. Real GDP growth is expected to bounce back in the second half of 2023 and reach six percent in 2024, supported by an acceleration in public investment and improved external demand for the Philippines’ exports,” the IMF said.

https://www.philstar.com/business/2023/12/18/2319576/philippine-growth-bottom-out-year-imf