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Philippines' DBCC considers raising GDP growth target due to low 1.9% September inflation.
The Philippines' Development Budget Coordination Committee (DBCC) is contemplating raising its GDP growth target for the year due to a significant drop in inflation, which reached 1.9% in September—the lowest in four years.
Budget Secretary Amenah Pangandaman indicated that improved government spending and lower inflation rates could spur economic growth.
A special DBCC meeting may be convened to review macroeconomic assumptions and adjust targets.
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La DBCC de Filipinas considera aumentar el objetivo de crecimiento del PIB debido a la baja inflación del 1,9% en septiembre.