DBCC slashes '22 growth target to 7-8% due to external factors
Socioeconomic Planning Chief Karl Kendrick Chua (PNA file photo) MANILA - Economic managers on Tuesday slashed the government's 2022 growth target from 7-9 percent to 7-8 percent amidst the strong output in the first quarter of the year after taking into account the impact of external developments. In a virtual briefing after the 181st meeting of the inter-agency Development Budget and Coordination Committee (DBCC), National Economic and Development Authority (NEDA) Secretary Karl Kendrick Chua said the 8.3 percent output, as measured by gross domestic product (GDP), in the first quarter o...
Source: philippinetimes.com