Govt may miss 2019 GDP growth target

PHILIPPINE economic growth is projected to recover in the second half of 2019, but the full-year figure might still fall below the government’s target, according to economists.

In a report on Wednesday, Union Bank of the Philippines (UnionBank) chief economist Ruben Carlo Asuncion said the country’s economy “is seen to recover starting Q3 (third quarter), but still not enough to reach the government’s target of 6 to 7-percent growth this year.”