MANILA -Social protection for poor Filipinos more efficiently against economic shocks continues to be a vital task for the government as the Philippines remains in the grip of high inflation and other risks occurring here as well as abroad, according to the World Bank. The multilateral lender said this even as it revised upward its forecast growth for Philippine gross domestic product in 2023 to 6 percent from the 5.4-percent forecast in December. The World Bank said the higher forecast was driven by domestic consumption and investment.

https://business.inquirer.net/404225/world-bank-more-efficient-social-protection-for-poor-filipinos-needed

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