Gdp 2024 Philippines Food. The government expects the gdp growth to fall within a range of 6 percent to 7 percent this year and 6.5 percent to 7.5 percent next year. The philippines has narrowed its economic growth target for 2024 to a range of 6.0% to 6.5%, down from a top end of 7% previously, and revised its outlook through 2028.

The adb reduced its inflation. Despite the downward adjustment in the 2024 growth forecast for the philippines, the world bank expects the economy to expand at a faster 6.1 percent next year and six.