PH 'in strong position' to hit GDP goal

PH 'in strong position' to hit GDP goal – BSP

By Eireene Jairee Gomez

Dec 02, 2022 12:16 am

THE Bangko Sentral ng Pilipinas (BSP) on Thursday expressed confidence that this year's economic growth target would be met, in turn providing monetary authorities further leeway to combat inflation.

'The robust expansion recorded for the third quarter of 2022 places the Philippines in a strong position to meet its target GDP (gross domestic product) growth rate of 6.5 to 7.5 percent this year,' central bank Governor Felipe Medalla said in a statement.

Bangko Sentral ng Pilipinas Governor Felipe Medalla. CONTRIBUTED PHOTO

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