Economist sees sustained PH growth in 10 years

Economist sees sustained PH growth in 10 years READ MORE:

fundamentals and reforms put in place by the previous and present administrations, an economist said Friday.

Ricafort noted the growth upside coming from the lower individual income tax rates starting January 2023 for most income brackets as part of the Tax Reform for Acceleration and Inclusion Law. “Thus, on the balance, the Philippine economy has already been back to pre-pandemic levels in peso terms at both current prices and constant 2018 prices… but offsetting challenges remain such as higher inflation in January 2023 at 8.7 percent, local policy rate at new 15-month high of 6 percent, debt-to-GDP ratio at 60.9 percent as of end-2022,” he said.

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