6 months Pernia: PH growth of 6.5% ‘attainable’ Manilatimes |Biz
THE Philippines can still reach a gross domestic product (GDP) growth rate of 6.5 percent for this year, Socioeconomic Planning Secretary Ernesto Pernia said on Thursday. “I would say 6.5 percent is attainable,” Pernia told reporters on the sidelines of the 27th Metro Manila Business Conference in Manila.
Socioeconomic Planning Secretary Ernesto Pernia. PHOTO BY J. GERARD SEGUIAThe figure falls within the government’s downwardly revsied 6- to 7-percent growth target for 2019.Advertisements
According to Pernia, growth drivers are election spending, consumption, consumer spending, and lower inflation. Business confidence also continues to be high, he noted. The country’s ... more