Business

GDP growth to pick up in Q2 — Dominguez

You can bet on it.

You can bet on it.

The disappointing 5.6 percent economic growth in the first quarter was largely due to the delay in passing the budget.

NEDA confident PH economy can hit growth target despite poor GDP results

Now that the problem has already been resolved, Finance Secretary Carlos Dominguez III said the local economy has no way to go but up.

Budget delay blamed for disappointing Q1 GDP

“Economic growth is expected to finish stronger over the April-June period and for the rest of 2019 as the government puts Build, Build, Build on the fast lane following the passage of the 2019 GAA and domestic consumption picks up amid cooling inflation,” Dominguez said.

PH to surpass China’s GDP growth rate in 2020 – ING

There’s a lot of catching up to do, which the economic team has committed to accomplish this year.

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