"I guess that it's probably close to at least the lower end of the target," NEDA Secretary Arsenio Balisacan told reporters on the sidelines of the postState of the Nation Address discussions yesterday.
The government has set a six to seven percent gross domestic product (GDP) growth target for the full year.
In the first quarter, the economy grew by 5.7 percent, slower than the 6.4 percent expansion in the same period last year, but faster than the 5.5 percent growth in the fourth quarter of 2023.
Balisacan said growth in the second quarter was likely supported by remittances from overseas Filipinos.
Latest data from the Bangko Sentral ng Pilipinas showed personal remittances from overseas Filipinos rose by 3.7 percent to $2.88 billion in May from $2.78 billion in the same month last year.
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Sara moves to terminate fund misuse probe
Vice President Sara Duterte appeared at yesterdayâs hearing of the House committee on good government and public accountability, but refused to take her oath and requested the committee to terminate the hearing on the past expenditures of her office.
Marcos: Cough, cold won't slow me down
President Marcos has a cough and cold, but assured the public that his situation would not slow him down.
Monsoon, Ferdie, Gener leave 20 dead, 14 missing
Twenty people were killed while 14 others remain missing due to the combined effects of the enhanced southwest monsoon and tropical cyclones Ferdie and Gener, the National Disaster Risk Reduction and Management Council (NDRRMC) said yesterday.
Former PS-DBM exec in Pharmally mess nabbed
NO SP TREAT Un the re person Pre Sara D refu take he duri hea the com ÎÎ gover and accoun The Department of Foreign Affairs (DFA) is looking at filing a resolution with the United Nations General Assembly or UNGA to address the escalating tension in the West Philippine Sea due to China's continuous aggression.
Qualified trafficking raps filed vs Alice Guo
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PNP: Harry Roque still in Phl
Harry Roque is still in the country, the Philippine National Police (PNP) said yesterday, as the manhunt for the former presidential spokesman intensified following an arrest order issued by the quad committee of the House of Representatives.
Comelec expects last-minute surge in voter registration
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Marbil: 24 ex-PNP chiefs probed over Guo ties
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Outstanding public servants cited
President Marcos yesterday awarded outstanding public servants.
Sara wishes Willie Ong 'speedy, complete' recovery
Setting aside past political differences, Vice President Sara Duterte has wished health advocate and cardiologist Willie Ong \"a speedy and complete recovery.