DEPARTMENT of Finance (DOF) Secretary Benjamin Diokno said on Monday, January 16, 2023, that the country’s economy is seen to grow by around 6.5 percent within the year, the...
DEPARTMENT of Finance Secretary Benjamin Diokno said on Monday, January 16, 2023, that the country’s economy is seen to grow by around 6.5 percent within the year, the highest growth projection in the Asia Pacific region.
He said among the factors that can alleviate buffers against external headwinds, all indicating a resilient economy, were the bustling manufacturing sector, record-low unemployment, and stable and resilient banking system in the Philippines. Diokno said the Marcos government has created a more competitive and enabling environment through public-private partnership to further expand the Build, Better, More infrastructure agenda of the administration that can further boost investments on top of the government’s goal to spend at least five to six percent of GDP on infrastructure.
“May the next few days bring forth more intensive collaboration and cooperation towards genuine economic transformation,” he added.
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