The DLSU School of Economics
in collaboration with the
School of Lifelong Learning
cordially invites you to an
Economic Briefing on
The State of the Philippine Economy:
Is the Glass Half Full or Half Empty?
July 8, 2024
in collaboration with the
School of Lifelong Learning
cordially invites you to an
Economic Briefing on
The State of the Philippine Economy:
Is the Glass Half Full or Half Empty?
July 8, 2024
The De La Salle Economic Briefing on The State of the Philippine Economy, organized by the School of Economics of De La Salle University, will analyze the challenges that the economy faces in both the short and the long run. After recovering from COVID-19, the Philippines seems to have returned to a positive growth path. Yet, growth in 2023 at 5.5%, was the slowest in the last decade (except for 2020) and below the target of the Philippine Development Plan 2023-2028 (PDP) of 6-7%.
The PDP’s target for 2024 is 6.5-8%. However, the government has lowered the target to 6.5-7.5% growth this year, and it has recently signaled the need to temper the outlook amid a weaker-than-expected global economy, so the target seems to be 6-7%. The government nevertheless maintains the objective to attain upper-middle income status (that is, reach US $4,256 GNI per capita) in 2025. In the eyes of the government, a low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower deficit and debt as a share of gross domestic product, and an increasingly dynamic, innovative, and competitive economy, will contribute to attaining the growth target.
How will the Philippine economy perform in the short and medium terms? What are the major domestic and international constraints it faces? The De La Salle Economic Briefing will discuss the recent performance of the Philippine economy as well as medium and long-term issues. Topics to be discussed include short and long-run growth, inflation, fiscal consolidation, investment, the Philippine Development Plan, and the international scenario, among others.
The PDP’s target for 2024 is 6.5-8%. However, the government has lowered the target to 6.5-7.5% growth this year, and it has recently signaled the need to temper the outlook amid a weaker-than-expected global economy, so the target seems to be 6-7%. The government nevertheless maintains the objective to attain upper-middle income status (that is, reach US $4,256 GNI per capita) in 2025. In the eyes of the government, a low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower deficit and debt as a share of gross domestic product, and an increasingly dynamic, innovative, and competitive economy, will contribute to attaining the growth target.
How will the Philippine economy perform in the short and medium terms? What are the major domestic and international constraints it faces? The De La Salle Economic Briefing will discuss the recent performance of the Philippine economy as well as medium and long-term issues. Topics to be discussed include short and long-run growth, inflation, fiscal consolidation, investment, the Philippine Development Plan, and the international scenario, among others.
*This event is open for everyone
Registration: https://forms.gle/nQWDT2mj2MnCMZqR9
Venue: Makati Diamond Residences (Morning snacks and managed buffet are provided)
Link to the brochure:
https://bit.ly/4bZR1ak
Registration: https://forms.gle/nQWDT2mj2MnCMZqR9
Venue: Makati Diamond Residences (Morning snacks and managed buffet are provided)
Link to the brochure:
https://bit.ly/4bZR1ak