SECOND-QUARTER economic growth will likely hit the lower end of the government's full-year target economy due to continued increased consumption, a Cabinet official said.
SECOND-QUARTER economic growth will likely hit the lower end of the government's full-year target economy due to continued increased consumption, a Cabinet official said.Finance Secretary Ralph Recto told The Manila Times that he expects gross domestic product growth of 6.0 percent for the April-June period, up from the 5.7 posted in the first three months of 2024 and within the 6.0- to 7.0-percent goal for the year.
Earlier this month, International Workplace Group country manager Lars Wittig told a Manila Times forum that the government would have to ramp up spending to achieve its growth targets.He warned against depending on public-private partnership projects and said that 'if they rely entirely on PPPs, then we're looking at some delays.''They are underspending, and I can't stress it enough: they need to invest more and faster,' he added.
Higher Consumption To Boost Q2 Growth
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