Tag: Future looks bright Panelo

Despite slowdown in GDP growth, Palace remains optimistic about future of PHL economy

(Eagle News)—The Palace on Thursday, May 9, said the future “looks bright” for the Philippines despite the country’s  Gross Domestic Product growth slowdown in the first quarter of 2019. In a statement, Presidential Spokesperson Salvador Panelo said the 5.6 percent Gross Domestic Product growth, a four-year low, was caused by the budget impasse which “has now been resolved.” He added the slowdown was also due to a “nearly flat agriculture output posting 0.8 percent, which […]