Duterte gov't says 4-5% growth target still doable as economy reopens

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Commuters queue for EDSA Carousel bus at Nepa Q-mart station in Quezon City on Oct. 11, 2021.

The STAR / Michael Varcas

 

MANILA, Philippines — The Duterte administration is confident it can hit its watered-down growth target as the economy is expected to start opening up in the final quarter of the year.

 

The third quarter gross domestic product (GDP) figure would be “lower” compared to 11.8% year-on-year growth in the preceding quarter because of harsh restrictions triggered by a surge in Delta cases back in August, Finance Secretary Carlos Dominguez III told Bloomberg in an interview on Wednesday.

 

However, Dominguez said much looser curbs in the final three months of the year would save the day.

 

Full Story: https://www.philstar.com/business/2021/10/14/2134111/duterte-govt-says-4-5-growth-target-still-doable-economy-reopens

 

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