Socioeconomic Planning Secretary Ernesto Pernia speaks at the third quarter economic growth briefing in Pasig City on Thursday, during which the National Economic and Development Authority and the National Statistics Authority announced that the country’s gross domestic product growth picked up to 6.2 percent in the quarter. (Photo by Alvin I. Dacanay)
THE country’s economy may have grown faster in the third quarter of the year, but that would be insufficient to meet the government’s year-end growth target, analysts said on Thursday.