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.

October 07, 2024
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