THE economy is on track to grow near potential, the Bangko Sentral ng Pilipinas (BSP) said, and growth is now expected to hit the 6.0- to 7.0-percent target this year.

"The outlook in domestic economic activity remains firm," the central bank said in its latest Monetary Policy Report, with latest baseline forecasts pointing to within-target growth for 2024 and misses for 2025 and 2026.

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