4 months ‘Govt catch-up plan to boost growth’ Manilatimes |Biz
EASING monetary policy and a catch-up spending plan would help the government achieve its economic growth target of 6 to 7 percent this year, a Rizal Commercial Banking Corp. (RCBC) economist said on Tuesday. The catch-up in government spending, especially on infrastructure, would likely be effective in achieving that target, RCBC head for economics and industry research division Michael Ricafort said. The country’s gross domestic product hit a four-year low of 5.6 percent in the first quarter of the year due to the delayed approval of this year’s budget.Advertisements
Economic managers earlier said they would implement an expenditure ... more