The De La Salle Economic Briefing on the State of the Philippine Economy, organized by the School of Economics of De La Salle University, will analyze the challenges that the economy faced in both the short and the long run. After recovering from COVID-19, the Philippines seems to have returned to a positive growth path. Yet, growth in 2023 at 5.6%, was below the target of the Philippine Development Plan (PDP) 2023-2028 of 6-7%.
The PDP's target for 2024 is 6.5-8%. However, the government has lowered the target to 6.5-7.5% growth this year, and it has recently signaled the need to temper the outlook amid a weaker-than-expected global economy, so the target seems to be 6-7%. The government nevertheless maintains the objective to attain upper-middle income status (that is to reach US $4,256 GNI per capita) in 2025. In the eyes of the government, a low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in t
The De La Salle Economic Briefing on the State of the Philippine Economy, organized by the School of Economics of De La Salle University, will analyze the challenges that the economy faced in both the short and the long run. After recovering from COVID-19, the Philippines seems to have returned to a positive growth path. Yet, growth in 2023 at 5.6%, was below the target of the Philippine Development Plan (PDP) 2023-2028 of 6-7%.
The PDP's target for 2024 is 6.5-8%. However, the government has lowered the target to 6.5-7.5% growth this year, and it has recently signaled the need to temper the outlook amid a weaker-than-expected global economy, so the target seems to be 6-7%. The government nevertheless maintains the objective to attain upper-middle income status (that is to reach US $4,256 GNI per capita) in 2025. In the eyes of the government, a low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower deficit and debt as a share of gross domestic product, and an increasingly dynamic, innovative, and competitive economy, will contribute to attaining the growth target.
How will the Philippine economy perform in the short and medium terms? What are the major domestic and international constraints it faces? The DLSU Economic briefing will discuss the recent performance of the Philippine economy as well as medium and long-term issues. Topics to be discussed include short and long-run growth, inflation, fiscal consolidation, investment, PDP, and the international scenario, among others.
Venue: Makati Diamond Hotel 118 Legazpi Street, Legazpi Village, makati City, Philippines.
he form of a lower deficit and debt as a share of gross domestic product, and an increasingly dynamic, innovative, and competitive economy, will contribute to attaining the growth target.
How will the Philippine economy perform in the short and medium terms? What are the major domestic and international constraints it faces? The DLSU Economic briefing will discuss the recent performance of the Philippine economy as well as medium and long-term issues. Topics to be discussed include short and long-run growth, inflation, fiscal consolidation, investment, PDP, and the international scenario, among others.
Venue: Makati Diamond Hotel 118 Legazpi Street, Legazpi Village, makati City, Philippines.
