Dominguez: Definitely, rising interest rates will have a detrimental effect on our growth prospects. — Bloomberg
MANILA: Philippine finance secretary Carlos Dominguez said the economy would sustain growth exceeding 6% this year, as investment and infrastructure spending help counter the impact of higher interest rates.
“We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali yesterday, when asked about inflation.
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