PHILIPPINE economic growth is likely to fall short of the government’s target in the first two quarters, GlobalSource Partners said.
“Our assessments show that GDP (gross domestic product) may be expected to increase within a narrow band over the next two quarters — rising from just above 5.7% in first quarter to approximately 5.9% in second quarter,” GlobalSource country analysts Diwa C. Guinigundo and Wilhelmina C. Mañalac said in a report on March 14.
This would be below the Development Budget Coordination Committee’s (DBCC) 6-8% target band until 2028.
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