Philippine economy may fall short of target set by government.


THOUGH the Philippine economy was projected to recover in the second half of 2019, economists say it will still fall below the target set by the government.

According to reports in The Manila Times, the government had targeted a 6 to 7 percent growth this year.

Union Bank of the Philippines (UnionBank) chief economist Ruben Carlo Asuncion said the country's economic growth was expected to settle at 6.1 percent in the third quarter and 6.4 percent in the fourth.

"This is slightly higher than the 6.3 percent recorded in the comparative quarters of 2018," he said, adding that it was also higher than the 5.5 percent in the second quarter.

He said state spending increased in...

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