Gov’t cuts economic growth forecast for 2023 to 6-7%
The Philippine peso is also expected to weaken in 2023 to the 55 to 59 against the US dollar, coming from the 54 to 55 range seen in this year.
Alden M. Monzon
Philippines furniture exporters hurt as cancelled orders mount
Furniture orders from the United States and Europe were expected to drop by 25 per cent, down from about US$200 million in 2021.