DBCC cuts targets; GDP for 2026 now at 5-6%

MANILA, Philippines – The Marcos administration has reduced its growth targets for 2026 through the end of its term in 2028 after an unexpected third-quarter slowdown last year, triggered by the widening probe into anomalous flood control projects that ultimately dented economic confidence. In a Malacañang press briefing, Economic Planning Secretary Arsenio Balisacan said the