PH may hit govt’s growth target this year

Philippine economic growth is likely to hit the government’s target this year and would continue to accelerate in 2020 on the back of higher government spending, an analyst said.

In a market outlook briefing on Friday, Sun Life Philippines Chief Investments Officer Michael Enriquez projected the country’s gross domestic product to grow between 6.5 and 6.6 percent in the fourth quarter to bring the full-year expansion to 6 percent.