IMF expects PH economy to grow faster than regional average

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00:00In other news, the International Monetary Fund expects the Philippine economy to grow faster than the regional average,

00:06driven by reforms that could strengthen long-term economic expansion.

00:10IMF Managing Director Kristalina Georgieva said ASEAN remains a bright spot in the global economy,

00:17with growth projected at 4.3 percent compared to the global average of 3.3 percent this year.

00:24The Philippines is expected to outperform the region's average growth.

00:27In its latest world economic outlook, the IMF projects the Philippine economy to grow by 5.6 percent this year

00:35and 5.8 percent in 2027.

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