6.5-7.5% growth in 2024 to help PH attain upper middle income status

MANILA, Philippines --- Hitting the gross domestic product (GDP) target for 2024 will boost the Philippines' chance to attain "upper middle income country" status by 2025, according to National Economic and Development Authority (Neda) Secretary Arsenio Balisacan on Friday. In a Palace briefing, Balisacan said the Philippine economy did relatively well in 2023. The fourth quarter GDP growth report is scheduled for release on Jan. 31. In the third quarter, the Philippine economy expanded by 5.9 percent. "For 2024, we aim to achieve a full-year GDP growth rate of 6.5 to 7.5 percent to generate economic opportunities, increase employment, raise per capita incomes and elevate our econo...Keep on reading: 6.5-7.5% growth in 2024 to help PH attain upper middle income status

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