Annual Growth of 6.5-8% until 2028: How?

Added Title

DLSU-AKI Policy Briefs 2023-06-003

Authors

Jesus Felipe, De La Salle University

Document Type

Policy Brief

Publication Date

6-2023

Abstract

THE KEY outcomes of President Bongbong Marcos’ Philippine Development Plan 2023–2028—to increase income per capita, reduce poverty, and create employment—rest on a necessary condition: to attain a 6.5-8% annual growth rate through 2023 to 2028. If achieved, the Philippines would resemble its East Asian neighbors, which attained similarly high growth rates decades ago. This is much needed given the still low wages and per capita income of the country. Yet, this “target” poses several questions.

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Recommended Citation

Felipe, J. (2023). Annual Growth of 6.5-8% until 2028: How?. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/93

Disciplines

Finance | Growth and Development

Keywords

Philippines; economy; development; growth

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