The Palace on Thursday expressed confidence that the country would be able to hit its gross domestic product (GDP) target of 6.5 percent to 7.5 percent.
Communication Secretary Herminio Coloma, Jr. told reporters during the daily press briefing that the target is attainable, contrary to forecasts made by some economists.
“Our focus is on attaining the targets of the Philippine Development Plan, which is a range of 6.5 percent to 7.5 percent GDP growth per annum. So, while we listen with respect to views expressed by other parties, our commitment is to implement the needed programs in accordance with the objectives of the Philippine Development Plan and we would like to attain those objectives,” he said.
He was commenting on forecasts made by economists during a forum held by Ateneo de Manila University that the country is likely to achieve a GDP of only 5.7 percent to 6.5 percent.
Last year, the Philippines attained a GDP of 7.2 percent. (PCOO/PIA)
