‘Meeting GDP goal needs catchup, spending boost | Jasper Y. Arcalas

FINANCE Secretary Benjamin E. Diokno remains confident that the country would still achieve a 6-percent full-year economic expansion this year on the back of an anticipated ramped-up government spending despite a tepid second quarter GDP growth.

“While there are formidable external challenges, the prospect for achieving this lofty goal is largely in the hands of the current administration,” Diokno said. He emphasized that the “more dependent” the country is on experts, the “slower” its economic expansion would be because of a “slowing global economy.”

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Despite slower Q2 growth, Diokno says 6% full-year growth goal achievableThe Marcos administration’s chief economic manager, Finance Secretary Benjamin Diokno has expressed confidence that the government’s full-year economic growth target remains attainable despite the slowdown seen in the second quarter.
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