Philippine government expects 6-8% growth

The Marcos administration remains optimistic about achieving its 6-8% economic growth target for 2025, despite slower-than-expected first-quarter expansion. Budget Secretary Amenah Pangandaman stated that government spending will continue to drive growth, even though the first quarter saw a 5.4% GDP increase, below expectations. The DBCC, which she chairs, reviews and approves economic assumptions. Consumer spending and government expenditures increased, but analysts cited global trade concerns. The administration is focused on medium-term plans to meet the growth target.