After a stronger-than-expected third-quarter gross domestic product growth, the National Economic and Development Authority on Friday expressed optimism that the economy would hit the government’s target growth band for the entire year.
Edillon echoed Socioeconomic Planning Secretary Arsenio Balisacan’s remark that the economy only needs to grow by 3.3% in the fourth quarter to meet the lower end of the target band. The NEDA official said the government is aware of the headwinds that need to be addressed to achieve the growth target such as the high inflation environment.
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