MANILA — The Philippines is confident it can still hit the lower end or stay in the vicinity of its 6%-7% gross domestic product growth target for the year, Economic Planning Secretary Arsenio Balisacan told a press conference.
Reforms in the government will allow the Southeast Asian nation to sustain its growth in the medium and long term, Balisacan said.
The Philippine economy grew 5.5% in January to September.
The government is monitoring risks like the El Niño dry weather pattern and geopolitical tensions that could raise uncertainty and disrupt supply chains, Balisacan said.
– Reporting by Mikhail Flores; Writing by Neil Jerome Morales; Editing by Kanupriya Kapoor
