Daily News

‘6% GDP growth goal still doable’

The government might be able to achieve the lower end of its economic growth target of between 6% and 7% for this year once government spending accelerates in the 2nd half, according to an economist from the Rizal Commercial Banking Corp. (RCBC). This came after the National Economic and Development Authority (NEDA) and the Philippine Statistics Authority (PSA) announced on August 8 that the country’s economic growth slowed to an-over-4-year low of 5.5% in the 2nd quarter from 5.6% in the 1st.