Dominguez: PH economy to grow below target in 2021
Finance Secretary Carlos Dominguez III says the Philippine economy is expected to grow below the government's target this year due to strict lockdown measures in Metro Manila and nearby provinces.
The Development Budget Coordination Committee has yet to schedule a meeting to revisit growth targets, which were set at 6.5-7.5% for 2021.
Economists predict that extending the enhanced community quarantine could shave off at least one percentage point from GDP this year and further slow economic recovery.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics