The economy, as measured by GDP, grew by 8.3 percent in the first quarter of the year. Koh said he thinks the government's growth target is a little more conservative. "Just mathematically speaking, and assuming that Finance Secretary [Benjamin] Diokno mentioned that Q2 (second quarter) GDP growth is going to be double digit. He said private and public investment activity is anticipated to rise in the next quarters as company loans saw upticks in line with improving business expectations. He also noted that the new administration has committed to continuing the Build, Build, Build infrastructure program and is seeking to expand public-private partnerships.

Source: Manila Times July 30, 2022 05:20 UTC