NEDA happy with ‘close to’ 6% GDP growth in 2023

MANILA, Philippines — A 2023 economic growth that is lower than the previous year’s 7.6 percent but close to the government’s target will be an acceptable performance, considering the headwinds that the economy faced, the state’s chief socioeconomic planner said.   As the market waits for the Jan. 31 release of 2023 gross domestic product (GDP) numbers, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda) said he would be happy as long as growth would be close to the Marcos administration’s 6 to 7 percent target range.   What fueled Balisacan’s optimism was his hope that the fourth quarter growth would be better than the third quarter results.   Read more:

https://business.inquirer.net/443013/neda-happy-with-close-to-6-ʼ23-gdp-growth