Trade, weak output cited in slow growth

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BLAME global uncertainties, sluggish production and front-loaded election spending for the Philippine economy’s slower-than-expected growth in the first quarter of the year, economists said.

In March, DepDev Secretary Arsenio Balisacan had said the key is to make adjustments when needed, particularly with the ongoing fiscal consolidation program, to avoid actions that could complicate future policy responses.“We need to make sure that our long-term goals for growth, poverty reduction, and employment generation are not compromised,” Balisacan said.

Oplas shared a similarly upbeat outlook.“I still think 6 to 6.8 percent is doable,” she said.“Neighboring countries also saw slower growth, so this isn’t a warning sign.

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Article Details

Author / Journalist: Bless Aubrey Ogerio

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaMalaysiaThailandVietnam

Topics: Target Percent) Government Growth Told Philippine Year Percent Quarter Production Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 16:06:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1044 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 28496451

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