Manila, March 21 -- A 6 percent level growth can still be achieved by the Philippine economy this year despite the anticipated impact of the budget impasse in Congress, an official of Security Bank Corporation (Security Bank) said.
In a briefing before the bank's economic forum in Mandaluyong City Thursday, Security Bank Assistant Vice President and chief economist Robert Dan J. Roces said they are considering a 6.4 percent growth for the domestic economy, as measured by gross domestic product (GDP), this year.
"But it can really go to as low as 6 percent. This is the forecast range we have right now assuming that the budget gets passed around after April," he said.
Roces, however, stressed the need for continued monitoring "because we h...