Wednesday 21 November 2018
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inquirer - 1 month ago

Economic team cuts GDP growth target for 2018

Due to slower gross domestic product (GDP) growth in the first half, economic managers on Tuesday cut the target range for 2018 to 6.5-6.9 percent even as they unveiled strategies to boost economic expansion in the near term. The Cabinet-level Development Budget Coordination Committee (DBCC) slashed this year s GDP growth goal from 7-8 percent previously, while keeping the range for 2019 to 2022, Budget Secretary and DBCC chair Benjamin E. Diokno told a press conference. While GDP growth averaged 6.

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