Diokno sees Philippine economy to grow by 7% in Q1 2023

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Marcos administration’s chief economic manager Finance Secretary Benjamin Diokno sees a possible 7% economic growth in the first quarter of 2023.

in the last three months of 2022, pushing the full-year gross domestic product to exceed the government’s target ceiling.

The inter-agency Development Budget Coordination Committee on April 24 retained its economic growth projection for the year at 6.0% to 7.0%, and from 6.5% to 8.0% from 2024 to 2028. Diokno earlier said he discussed with President Ferdinand Marcos Jr. the pension reform for retired MUPs, which he described as theHe outlined four recommendations to reform the MUP pension system, which he said were “okay” with the President.

Source: News Formal (newsformal.com)

 

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