MANILA, April 8 -- The Philippines is projected to grow by over 6 percent this year and in 2025, making the country one of the fastest growing economies in the region, the ASEAN+3 Macroeconomic Research Office (AMRO) said.

In its ASEAN+3 Regional Economic Outlook 2024 report released on Monday, AMRO retained its 2024 Philippine economic growth forecast to 6.3 percent.

"I think 6.3% is a very strong growth, among the highest in the region," AMRO chief economist Hoe Ee Khor said in a virtual briefing. "The Philippines will also benefit from the upswing in terms of the external demand."

Khor said the growth in the manufacturing sector and the recovery in tourism will also boost economic growth.

For 2025, AMRO expects Philippine economic ...