PRESIDENT Ferdinand R. Marcos, Jr. said economic targets will have to be revised to reflect the impact of the Middle East conflict but remains confident the Philippine economy will grow by 6% by the end of his term in mid-2028.
“With the war in the Middle East, those (targets) have to be redrawn — everything has to be redrawn,” Mr. Marcos said in an exclusive interview with Bloomberg Television’s Haslinda Amin in Manila on Tuesday.
“If the war stopped today, the adjustment isn’t going to be instantly back to $70 per barrel. The uncertainty and the lack of stability is going to factor into that — the general risk factor is still there. And that’s not going to diminish immediately. That’s going to taper off. We hope that it tapers off over a relatively short period,” he added.
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