MANILA, Philippines — As the global economy continues to recover despite lingering risks from more contagious COVID-19 variants, President Rodrigo Duterte’s economic team expects a faster 10-percent growth in merchandise exports this year to regain lost ground last year.
The Cabinet-level Development Budget Coordination Committee (DBCC) during its meeting Monday also jacked up the infrastructure program for 2022 — the year Duterte steps down from office — to P1.29 trillion from P1.25 trillion previously.
The DBCC said in a statement that it raised the growth goal for goods exports from 8 percent previously “following the expected recovery in external demand.”
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Keep on reading: Economic team sees export recovery in 2021