SAYING the previous government’s growth targets were no longer attainable, the Duterte administration’s economic managers on Tuesday slashed the official gross domestic product (GDP) targets for this year and next.
The Development Budget Coordination Committee (DBCC), the inter-agency body that sets the government’s macroeconomic, revenue and spending targets, expects the economy, as measured by GDP, to grow within 6 percent to 7 percent this year, instead of 6.8 percent to 7.8 percent.
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