THE PHILIPPINE ECONOMY must grow by at least 3.7% on average in the remaining three quarters of the year to meet the government’s revised growth target, the Department of Economy, Planning, and Development (DEPDev) said.
“For us to achieve the 3.5% (growth) target for the year, the average for the last three quarters must be 3.7%,” DEPDev Secretary Arsenio M. Balisacan said at a press briefing on Monday.
“And for us to achieve 4.5%, the average for the last three quarters must be 5.07%,” he added.
The Development Budget Coordination Committee recently revised its 2026 gross domestic product growth target to 3.5%-4.5% from 5%-6%, citing the possible escalation of the Middle East conflict, weak consumer and business confidence, and intensifying El Niño.
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