Inflation Projection 2024 Philippines. Philippine economic growth is expected to moderate this year due to inflation and global headwinds before picking up in 2024 as price pressures ease,. The philippine economy has witnessed a robust performance over the past few years.

The country’s unemployment rate improved to 4.8%. The bsp raised its own inflation forecasts for this year to 5.6 percent from the original target of 5.4 percent, 3.3 percent from 2.9 percent for 2024 and 3.4 percent from 3.2.