IMF sees Philippine GDP growth of 6.3% in JanuaryChristian Fernsby ▼ | February 12, 2020
Philippine economic growth could still pick up in the first three months of 2020 despite the expected negative impact of Wuhan coronavirus, according to the International Monetary Fund (IMF).
Business IMF Resident Representative Yongzheng Yang
Topics: IMF Philippine GDP
His projection is lower that the 6.4 percent registered in the fourth quarter of 2019, but higher than the 5.6 percent posted a year earlier.
Echoing the government, Yang said the country’s tourism sector was among those that would be immediately affected by the outbreak.
“The coronavirus, as you know, has caused a lot of anxieties and restrictions on travel. The Philippine economy, as you know, is not immune to that,” he noted. ■