The World Bank has released a concerning update on the Philippine economy, stating that the country is falling short of its growth targets. The 2024 GDP projection has been lowered, raising fears about the nation’s economic direction. Vice President Sara Duterte echoed the warning, saying, “The economy is going down… investors are afraid to invest.” Her remarks highlight growing uncertainty and declining investor confidence under the current administration. This development paints a troubling picture of the Philippines’ financial future if no action is taken.
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