PHL economy “gradually recovering”: IMF

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(Eagle News) — The International Monetary Fund on Wednesday, June 16, said the Philippine economy was “gradually recovering” following the pandemic-induced economic downturn in 2020. In a statement, the IMF said real Gross Domestic Product was projected to grow by 5.4 percent this year. While slower than the IMF’s earlier forecast of 6.9 percent in April, the IMF said the policy support in the country was working and “mitigated the hardship suffered by affected families […]