Philippines Revises GDP Targets

Gross domestic product (GDP) is targeted to rise between six and seven percent this year and 6.5 and 7.5 percent next year. The revised targets were lower than the original targets of 6.8 to 7.8 percent for 2016 and 6.6 to 7.6 percent in 2017. From 2018 to 2022, seven- to eight-percent targets were set. The government said growth would slow down this year because of low farm output…

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