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Philippines eyes up to 7.5% growth under Marcos regime

The new Marcos administration is looking at up to 7.5% economic growth this year, a little lower than what the previous administration had set. Finance Secretary Benjamin Diokno said the economic team has presented the medium-term fiscal framework to President Ferdinand Marcos Jr during their first Cabinet meeting. Diokno said the country's GDP is now expected to grow by 6.5% to 7.5% during Marcos's first year in office. The previous administration had forecast a 7% to 8% growth. The country’s GDP grew by a stronger-than-expected 8.3% in Q1 and Diokno noted that the Q2 performance would even be higher following the further opening of the economy during the period.

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