{"id":55445,"date":"2023-01-16T15:36:22","date_gmt":"2023-01-16T07:36:22","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=55445"},"modified":"2023-01-16T15:36:22","modified_gmt":"2023-01-16T07:36:22","slug":"trade-chief-assures-ph-is-safe-from-recession","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/trade-chief-assures-ph-is-safe-from-recession\/","title":{"rendered":"Trade chief assures PH is safe from recession"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">MANILA, PHILIPPINES \u2014 Department of Trade and Industry chief Alfredo Pascual assured that the country will not suffer from recession this year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a recent interview with DZRH, Pascual said that a recession would not mean the domestic economy would also contract.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe situation here in the Philippines is different as the business landscape has been good overall\u201d due to strong consumer spending, Pascual said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2022, the country fared quite well. The gross domestic product (GDP) growth last year is expected to be just short of the government&#8217;s 6.5- to 7.5-percent target. For 2023, economic managers are targeting slower growth of 6.0 to 7.0 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Growth as of the end of the third quarter was 7.7 percent, already above the official 2022 target. Full-year results will be released by the government before the end of this month.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, PHILIPPINES \u2014 Department of Trade and Industry chief Alfredo Pascual assured that the country will not suffer from recession [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trade chief assures PH is safe from recession - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/trade-chief-assures-ph-is-safe-from-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade chief assures PH is safe from recession - 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