5 months Growth goals to be met despite El Niño – NEDA Manilatimes |Biz
Economic growth this year will remain strong despite the impact of an ongoing El Niño, the National Economic and Development Authority (NEDA) said on Friday. Initial estimates point to a 0.9-percentage point hit for the first quarter and this has already been factored into the downwardly-revised 6.0-7.0 percent growth target for 2019, Socioeconomic Planning Secretary Ernesto Pernia told reporters in a briefing. “The 6 to 7 percent is the more realistic target given the reenactment of budget and the effects of El Niño,” he said. NEDA Assistant Secretary Carlos Bernardo O. Abad Santos said that for the full year, El ... more