Congress could be blamed for slow down of PH economic growth – Lacson 0 SHARES Share it! Share TweetBy Vanne Elaine TerrazolaSenator Panfilo Lacson conceded on Thursday that Congress could be blamed for the slowing down of the Philippines’ economic growth for the first quarter of the year. It was the slowest growth rate in four years, and even below the six- to seven-percent target growth for 2019. “Admittedly, Congress could be the main culprit for the lower-than-projected GDP growth rate at 5.6 percent as clearly the one-quarter delay in the passage of the 2019 national budget slowed down spending,” Lacson said in a text message. “Congress [being blamed for the slow GDP]?

Source: Manila Bulletin May 09, 2019 13:52 UTC