5 to 6 pct economic growth target 'attainable': BSP

"The GDP prospects appear bright," Diokno said in a statement. "A 2021 full year growth rate of 5-6 percent is attainable," he said.

"These latest forecasts suggest that the country’s real output will revert to its pre-pandemic level by the third quarter of 2022, if not sooner," Diokno said. Inflation slowed in October due to stabilizing prices of meat and fish. Workers are also re-entering the workforce as the economy reopens further. The vaccine rollout is also influencing consumer confidence as economic activity expands, Diokno said.

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