Philippines keeps GDP growth target at 6-7 per cent for 2023

MANILA, April 25 (Xinhua): The Philippine government's economic team has retained the gross domestic product (GDP) growth forecast at 6 to 7 percent this year, but hiked the inflation target to between 5 and 7 per cent.

"We maintained our growth targets at 6.0 to 7.0 per cent for 2023 and 6.5 to 8.0 per cent for 2024 to 2028 in consideration of the risks posed by geopolitical and trade tensions, possible global economic slowdown, as well as weather disturbances in the country," Philippine Budget Secretary Amenah Pangandaman told a press conference.