Despite expectations of slower global growth, the head of the Duterte administration’s economic team yesterday expressed optimism the Philippines would achieve at least the lower end of its 7-8 percent growth goal in 2019 as the government ramps up infrastructure.
“We are maintaining a 7-percent GDP (gross domestic product) growth rate as a fighting target even as major multilateral institutions have adjusted global growth projections. We are building on our own momentum and on the massive economic investments we have programmed for this year,” Finance Secretary Carlos Dominguez III told members of the Financial Executives Institute of the Philippines during its inaugural meeting for 2019.
Read More: Philippine Daily Inquirer
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan