MANILA (Reuters) – The Philippines lowered its growth target for 2023 to 6.0%-7.0%, from 6.5%-8.0%, a government inter-agency panel said on Monday.
The government revised its foreign exchange rate assumptions for 2022-2024. It now expects the peso to trade against the dollar at 54-55 in 2022, 55-59 in 2023, and 53-57 in 2024.
(Reporting by Neil Jerome Morales and Karen Lema)
