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Latest Breaking News On - Inance undersecretary gil beltran said growth in the third quarter of this year alone reached nearly 7 percent dominguez thus was hopeful about hitting full target quot backed bya stronger healthcare system and massive rollout vaccination program - Page 1 : comparemela.com

DOF chief optimistic 2021 GDP to hit revised target

MANILA - Improvements in the country's healthcare system, among others, are expected to further solidify the domestic economy's recovery and boost its capacity to hit the revised target of between 5 percent to 5.5 percent. In a virtual briefing on Wednesday, Department of Finance (DOF) Secretary Carlos Dominguez III said domestic output, which averaged at 4.9 percent in the first three quarters this year, "has exceeded our expectations in 2021." "So there's a greater likelihood that our full year growth will hit the revised target of our GDP (gross domestic product) growth ranging from 5 to 5.5 percent this year," he said. During the same briefing, Finance Undersecretary Gil Beltran said growth in the third quarter of this year alone reached nearly 7 percent. Dominguez thus was hopeful about hitting the full-year target. "Backed by (a) stronger healthcare system and the massive rollout of the vaccination program, we will solidify our recovery by reo

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