7% breakout GDP growth seen


The economic strategy of President Duterte is bearing fruit, with GDP (gross domestic product) growing 6.68 percent during his first three quarters, or “faster than [those of] all other administrations,” Finance Secretary Carlos Dominguez said on Thursday.


“We expect to grow close to the targeted 7 percent throughout the year,” he said.


Dominguez noted that the average inflation rate for the first 11 months of the administration is 2.64 percent.


“Again, this is the lowest registered of all previous administrations,” he said.


Moreover, he said, the national government debt as a percentage of GDP declined from 43 percent as …

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