The Marcos economic team's decision to trim Philippine growth targets is unlikely to dampen investors' appetite for the country, President Ferdinand "Bongbong" Marcos Jr.'s investments adviser said Friday.
0% growth target was retained."The revised targets for our headline indicators considered the country's recent economic performance in fiscal year 2023 and reflect the latest developments and expectations on external factors such as global demand and trade growth, oil price movements and expected exchange rate and inflation trends," National Economic Development Authority Secretary Arsenio Balisacan.
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