Home > Business Philippine economic growth likely hit target of 7.5 percent in 2022: economist ABS-CBN News Posted at Jan 25 2023 11:33 AM Share Facebook Twitter LinkedIn Viber Watch more on iWantTFC The Philippine economic growth could have reached the target of 7.5 percent in 2022, with the fourth quarter growth pegged at 6.8 percent, according to Security Bank AVP and Chief Economist Dan Roces. Indicators showed signs of positive growth such as low unemployment, which is good for consumption, as well as car sales growth that signals confidence. For 2023, the economy is expected to grow by 6.3 percent with consumption remaining as a key driver. However, Roces warned that inflation could remain elevated this year while global slowdown and the ongoing geopolitical crisis remain risks. Philippine economy still 'resilient' following strong growth, says BSP Philippines' second quarter economic growth revised higher to 7.5 percent: PSA Philippine economy grows 7.6 percent in third quarter, on track for full-year target Share Facebook Twitter LinkedIn Viber ANC, ANC Top, ANC Exclusives, ANC promo, economy Read More: GDP gross domestic product GDP growth inflation consumption unemployment Philippine economy