2024 GDP growth nudged up to 5.7%

The Philippine Statistics Authority (PSA) has revised upwards the country’s economic performance for the full year of 2024, to 5.7-percent growth, from the preliminary 5.6-percent figure.

- By DERCO ROSAL

This upward revision still falls short of the government’s downscaled 2024 gross domestic product (GDP) growth target of six to 6.5 percent.

For 2025 and 2026, the Cabinet-level Development Budget Coordination Committee (DBCC) has set more ambitious sixto eight-percent target, citing both local and global uncertainties.