{"id":16191,"date":"2022-11-11T18:25:38","date_gmt":"2022-11-11T18:25:38","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2022\/11\/11\/fitch-upgrades-philippine-growth-forecast-for-%ca%bc22-to-7-4\/"},"modified":"2022-11-11T18:25:38","modified_gmt":"2022-11-11T18:25:38","slug":"fitch-upgrades-philippine-development-forecast-for-%ca%bc22-to-7-4","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2022\/11\/11\/fitch-upgrades-philippine-development-forecast-for-%ca%bc22-to-7-4\/","title":{"rendered":"Fitch upgrades Philippine development forecast for \u02bc22 to 7.4%"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/business.inquirer.net\/wp-content\/blogs.dir\/5\/files\/2022\/10\/fitch-solutions-budget-filephoto-100922-620x349.png\" \/><br \/>Following a shock gross home development turnout for the third quarter of 2022, Fitch Solutions raised its full-year development forecast to 7.4 % from 6.6 % beforehand.<\/p>\n<p>&#8220;The newest outturn exceeded our expectations and introduced development within the first three quarters of the yr to 7.8 % year-on-year,&#8221; Fitch Solutions stated in a commentary.<\/p>\n<p>However, the expansion momentum is anticipated to wane within the succeeding quarters as demand cools down and inflation stays excessive.<\/p>\n<p>It thus lowered its forecast for 2023 to five.9 % from 6.2 %.<\/p>\n<p>Pantheon Macroeconomics agrees, saying that the Philippine financial system will not be as wholesome because it seemed, notably because the family consump&#8230;<\/p>\n<p>Keep on studying: <a href=\"https:\/\/business.inquirer.net\/372484\/fitch-upgrades-ph-growth-forecast-for-%ca%bc22-to-7-4\/\" target=\"_blank\" rel=\"noopener\">Fitch upgrades Philippine development forecast for \u02bc22 to 7.4%<\/a><br \/>\n<br \/>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Following a shock gross home development turnout for the third quarter of 2022, Fitch Solutions raised its full-year development forecast to 7.4 % from 6.6 % beforehand. &#8220;The newest outturn exceeded our expectations and introduced development within the first three quarters of the yr to 7.8 % year-on-year,&#8221; Fitch Solutions stated in a commentary. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":{"0":"post-16191","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/16191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=16191"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/16191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/16193"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=16191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=16191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=16191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}