Nograles highlights promising forecast on PH's GDP

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“On the economic front, there are reasons to be hopeful this coming New Year,” Nograles said in a virtual press conference.

Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the country to surpass its own gross domestic product target.

“New York-based think tank Global Source Partners projected the economic growth of the Philippines to surpass the government’s 4 percent target ceiling. Ang projection po nila ay 5.5 percent ,” he said. Quoting a line from Global Source Partners’ forecast, Nograles said, “The Philippine economy withstood a Delta-driven surge in quarter 3 and is set to end the year on a high note.”

For a summary of the Philippines’ successful campaign against the Delta variant of the coronavirus disease ,

 

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