00:00The ASEAN Plus Three Macroeconomic Research Office, or AMRO, is expecting that the Philippines' economy will grow stronger this 2024 and 2025,
00:08where it reached 5.8% from 5.5% in 2023.
00:15This is due to the government's higher spending and better conditions in the labor market.
00:21Inflation is also expected to fall from 3.2% to 6% in 2023.
00:28However, there are dangers such as the rise in inflation and a decline in trade in other countries.
00:34AMRO is pushing to maintain the current fiscal and monetary policy, but it can be fixed if the decline in inflation continues.
