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The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
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Economy 1 MIN READ

PH interagency panel keeps 2023 to 2028 GDP growth targets

April 24, 2023By Reuters
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MANILA, April 24 (Reuters) – The Philippines maintained its economic growth target for 2023 at 6.0% to 7.0%, a government inter-agency panel said on Monday, citing momentum from increased domestic demand and better labour conditions.

The economy is seen to grow 6.5% to 8.0% for 2024 to 2028, the inter-agency panel known as the Development Budget Coordination Committee (DBCC) announced in a news conference.

The DBCC said it took into consideration the risks posed by geopolitical and trade tensions, a possible global economic slowdown, as well as weather disturbances in the country.

It also expected inflation to register at 5% to 7% this year, returning to within the government’s 2% to 4% target by the fourth quarter, saying it was committed to taking proactive measures to bring inflation down.

Inflation slowed for a second straight month in March to 7.6%.

The DBCC expected the peso to move between 53 and 57 to the dollar this year.

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

This article originally appeared on reuters.com

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