THIS year's economic growth target will likely be missed after a slower-than-expected third quarter that has also put pressure on monetary authorities to keep lowering interest rates, analysts said.
Subdued household and government spending limited gross domestic product (GDP) growth to just 5.2 percent in July-September, markedly down from the second quarter's 6.4 percent and below the 5.7-percent median in a Manila Times poll of economists.
Holiday spending could propel Philippine economic growth in the last three months of 2024, but economists warned that the full-year target could be missed given a sharper-thanexpected third-quarter slowdown. PHOTO BY J. GERARD SEGUIA