Nomura expects PH economic growth to improve in 2025

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00:00Nomura Global Markets Research predicts the floating economy will grow by 6% in 2025,

00:06up from 5.6% this year, mainly due to increased government investment in infrastructure.

00:12This push will be supported by the 2025 elections and lower borrowing costs.

00:18Lower inflation and wage growth are expected to boost the household spending as well.

00:22Nomura also forecasts the central bank will cut interest rates.

00:27Nomura also forecasts central bank will cut interest rates further and lower banks' reserve

00:31requirements by mid-2025.

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