Philippine economic growth likely hit target of 7.5 percent in 2022: economist

ABS-CBN News

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.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/12/01/22/philippine-economy-still-resilient-says-bsp'>Philippine economy still 'resilient' following strong growth, says BSP</a></li>	<li><a href='https://news.abs-cbn.com/business/11/09/22/ph-second-quarter-gdp-growth-revised-higher-to-75-pct'>Philippines' second quarter economic growth revised higher to 7.5 percent: PSA</a></li>	<li><a href='https://news.abs-cbn.com/business/11/10/22/philippine-gdp-grows-76-percent-in-third-quarter'>Philippine economy grows 7.6 percent in third quarter, on track for full-year target</a></li></ul>

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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.

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.

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.

Philippine economic growth likely hit target of 7.5 percent in 2022: economist | ABS-CBN News

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Philippine economic growth likely hit target of 7.5 percent in 2022: economist

Philippine economic growth likely hit target of 7.5 percent in 2022: economist