PHILIPPINE ECONOMIC GROWTH in the first quarter could have settled between 5.8% and 6.3%, Finance Secretary Ralph G. Recto said.
“Anything higher than 5.5% is a win because last year we grew by 5.5%. If we grew by 5.8%, that’s good enough. That should be one of the highest in the region, if not one of the highest in the world,” he told reporters late on Monday.
Gross domestic product (GDP) expanded by 5.5% in 2023. For 2024, the government is targeting 6-7% GDP growth.
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