Manila, Jan. 22 -- A ranking portfolio manager of ATR Asset Management Inc. (ATRAM) forecasts a 6.3-percent expansion for the Philippine economy this 2020 on expectations of sustained robust consumer spending and government infrastructure spending.
The growth projection, however, is lower than the government's 6.5-7.5 percent target for this year.
In an economic briefing at the Insular Life Building in Makati City Wednesday, ATRAM global multi-asset portfolio manager Ivan Ante said government's infrastructure spending will be among the main pillars of domestic growth this year, alongside consumer spending.
This, as the government bids to increase spending on infrastructure to as high as 7 percent by the end of the Duterte administration ...