Defining the News
The interagency Development Budget Coordinating Committee may lower its growth projections this year, taking into account the Israel-Hamas conflict that may affect world oil prices, an economist said over the weekend.
The DBCC is composed of the heads of the Department of Finance, Department of Budget and Management and the National Economic and Development Authority. Ricafort said the main risk is dragging other countries in the proxy war, especially other Middle Eastern countries that are major oil producers such as Iran.
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