ECONOMIC experts of the country report that the Philippines remains on track to meet its full-year growth target of 6.5-percent to 7.5-percent, after the National and Economic and Development Authority (NEDA) reported a first-quarter GDP (Gross Domestic Product) of 6.4-percent.
“GDP expansion in the year’s first three months illustrates that growth remains steady and could gain momentum for the rest of the year, partly as a result of this administration’s ‘DuterteNomics’ strategy to stimulate economic activity and achieve financial inclusion for all Filipinos in the long haul via an aggressive expenditure program on infrastructure, human capital formation and social protection,” explains Finance Secretary Carlos Dominguez 3rd in the official statement of the Department of Finance after the declaration of the 60 days Martial Law in Mindanao by President Rodrigo Duterte.
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