‘Worst is over’ for PH; 2023 growth targets stay–Diokno

The Marcos administration is sticking to its growth target for the domestic economy of 6 percent to 7 percent in 2023 despite private institutions and experts as well as the government's own think tank downgrading their forecast to less than 6 percent, according to Finance Secretary Benjamin Diokno. "For the Philippines, the worst is over and the best is yet to come," Diokno said in a statement, adding that there were many factors that would enable an outcome that would be better than the various forecasts. The finance chief paints this picture against the background of a widely expected mild global recession in 2023 amid the lingering effects of the pandemic, exacerbated by th...

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