Philippine Finance Chief Sees 7% Growth Despite Political Noise
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The Philippine economy can grow as much as 7% this year, aided by interest-rate cuts that will support investment and consumption, according to Finance Secretary Ralph Recto who also brushed aside concerns over political stability.
“We don’t see that happening. Zero,” Recto said in an interview with Bloomberg Television’s Haslinda Amin on Wednesday, when asked about the chances of the political situation unraveling after former leader Rodrigo Duterte’s arrest last week over his deadly drug war.