Recto: Higher consumption to boost Q2 growth

Jun 27, 2024 12:29 am

SECOND-QUARTER economic growth will likely hit the lower end of the government's full-year target economy due to continued increased consumption, a Cabinet official said.

Finance Secretary Ralph Recto told The Manila Times that he expects gross domestic product (GDP) growth of 6.0 percent for the April-June period, up from the 5.7 posted in the first three months of 2024 and within the 6.0- to 7.0-percent goal for the year.

Finance Secretary Ralph Recto. Contributed Photo

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