Economics

Philippines Sees Around 6% Growth in 2019 on Fiscal Stimulus

Philippine Finance Secretary Carlos Dominguez discusses how the U.S.-China trade war is affecting the economy.(Source: Bloomberg)

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By Claire Jiao

October 17, 2019 at 10:38 PM UTC

Updated on

October 17, 2019 at 11:42 PM UTC

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The Philippine economy will probably expand around 6% in 2019 as the government ramps up spending after a slower growth rate in the first half.

“We’re hitting our spending targets now and we definitely will make a very good effort in catching up,” Finance Secretary Carlos Dominguez said in an interview with Bloomberg Television’s Kathleen Hays at the sidelines of the International Monetary Fund meetings in Washington.