{"id":29187,"date":"2022-12-05T19:44:11","date_gmt":"2022-12-05T19:44:11","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2022\/12\/05\/govt-cuts-economic-growth-forecast-for-2023-to-6-7\/"},"modified":"2022-12-05T19:44:11","modified_gmt":"2022-12-05T19:44:11","slug":"govt-cuts-financial-development-forecast-for-2023-to-6-7","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2022\/12\/05\/govt-cuts-financial-development-forecast-for-2023-to-6-7\/","title":{"rendered":"Gov\u2019t cuts financial development forecast for 2023 to 6-7%"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/business.inquirer.net\/wp-content\/blogs.dir\/5\/files\/2022\/02\/251999-620x413.jpeg\" \/><br \/>The Philippine authorities&#8217;s financial managers on Monday lowered the expansion outlook for 2023, following a yr of record-high inflation and the substantial weakening of the native foreign money.<\/p>\n<p>The inter-agency Development Budget Coordination Committee (DBCC) minimize the expansion forecast for the nation&#8217;s gross home product&#8212;which is used as a measure of the dimensions and well being of a rustic&#8217;s economy&#8212;to 6-7 p.c, from the unique 6.5-8 p.c.<\/p>\n<p>&#8220;This momentum is anticipated to barely decelerate in 2023 and vary from 6 to 7 p.c contemplating exterior headwinds, such because the slowdown in main superior economies,&#8221; the DBCC mentioned in a press release.<\/p>\n<p>The DBCC is comprised of the secretar&#8230;<\/p>\n<p>Keep on studying: <a href=\"https:\/\/business.inquirer.net\/376567\/govt-cuts-economic-growth-forecast-for-2023-to-6-7\/\" target=\"_blank\" rel=\"noopener\">Gov\u2019t cuts financial development forecast for 2023 to 6-7%<\/a><br \/>\n<br \/>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Philippine authorities&#8217;s financial managers on Monday lowered the expansion outlook for 2023, following a yr of record-high inflation and the substantial weakening of the native foreign money. The inter-agency Development Budget Coordination Committee (DBCC) minimize the expansion forecast for the nation&#8217;s gross home product&#8212;which is used as a measure of the dimensions and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":{"0":"post-29187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/29187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=29187"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/29187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/29189"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=29187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=29187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=29187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}