The Philippines can still achieve its 6-7% gross domestic product (GDP) growth target this year, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said on Friday.
“We remain optimistic about the fourth quarter economic performance. Holiday spending, more stable commodity prices, robust remittance inflow, and labor market give us confidence that our 6 to 7% growth target is still achievable,” he said during a press conference on Friday.
Mr. Balisacan said fourth quarter GDP growth will likely be faster than the third quarter, amid easing inflation and lower interest rates.
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