By Justine Irish D. Tabile, Senior Reporter
PHILIPPINE ECONOMIC growth could pick up in the second half as public infrastructure spending accelerates and inflation eases, bringing the government’s full-year growth target within closer reach, a World Bank economist said.
World Bank Senior Country Economist for the Philippines Jaffar Al-Rikabi said growth could recover after a challenging first half, which was weighed down by the Middle East conflict and the lingering effects of a corruption scandal involving infrastructure projects.
The Philippine economy expanded by 2.6% in the first half, below the government’s 3.5%-4.5% growth target for the year.
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