Philippines' Marcos eyes economic growth of up to 8.0% during six-year term, says finance minister

Announcing the new administration's medium-term fiscal and growth targets, Benjamin Diokno said this year's goal of 6.5% to 7.5% growth was a"conservative" range.From 2023 to 2028, the Marcos administration is eyeing 6.5% to 8.0% growth, Diokno said, above the previous administration's 6.0% to 7.0% range.

The economy was starting to pick up as COVID-19 restrictions eased following a long period of lockdown, but the outlook has since been clouded by soaring inflation and its threat to dampen consumer demand, a major driver of Philippine growth. His successor Felipe Medalla on Wednesday said the central bank may raise interest rates by an additional 100 basis points this year to tame price pressures.

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Malaysian economy to strengthen in Q2, budget 2023 to further boost resiliency, says finance ministerThe country’s economy is expected to continue to strengthen in the second quarter (Q2) of this year following the encouraging Gross Domestic Product growth of five per cent in the first quarter, including the continued improvement in wholesale and retail trade
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Former UK finance minister Sunak bids to replace PM JohnsonLONDON (Reuters) -Former British finance minister Rishi Sunak said on Friday he was running to replace Boris Johnson after Johnson announced the previous day that he would stand down as prime minister .
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