MANILA: The Philippines’ economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said.
“With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office on Friday. Hitting the low-end of the 7% to 8% growth target this year is “good enough” and can be done, he said.
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