Despite El Niño threat, DBCC keeps ʼ23 target
newscatcher
2023-06-09 19:30
Despite El Niño threat, DBCC keeps ʼ23 target
MANILA -The interagency Development Budget Coordination Committee (DBCC) maintained their assumptions on Philippine economic growth this year despite the threat of El Niño and other natural disasters on agricultural output and prices of goods. The outlook for 2023 was kept at a range of 6 percent to 7 percent, and for 2024-2028 at 6.5 percent to 8 percent. Budget Secretary Amenah Pangandaman said in a press briefing the projections were unchanged because of positive developments in the domestic economy and recent global trends.

https://business.inquirer.net/404708/despite-el-nino-threat-dbcc-keeps-%CA%BC23-target

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