The Philippine economic team remains confident about hitting the country's economic growth and inflation targets for the year, despite the need to possibly adjust other short-term macroeconomic assumptions, including the peso-dollar exchange rate.
The Philippine economic team is still confident that the country will be able to hit its economic growth and inflation targets this year, though other short-term macroeconomic assumptions, particularly the peso-dollar exchange rate , may need to be revised.According to Budget Secretary Amenah Pangandaman, economic growth is still expected to fall within the inter-agency Development Budget Coordination Committee’s estimate of 6.0% to 7.0%.
She added that there may be revisions to macroeconomic assumptions during the next meeting of the DBCC in the first week of December to possibly take into account the leadership change in the United States with Donald Trump set to return to power in January.“If ever, it's probably very minimal. Actually, I’m not sure if they can already take into consideration the new administration of President Trump, so I think it’s also nice to look at it,” she said.
Economic Growth Inflation Targets Peso-Dollar Exchange Rate Philippine Economy Development Budget Coordination Committee (DBCC)
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