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.