MANILA – President Rodrigo Duterte’s economic managers expect commodity prices to taper off at the lowest end of the government’s target of 2 to 4 percent in the third quarter of 2019, Budget secretary Benjamin Diokno said Wednesday.
The economic team – comprising the secretaries of Finance, Budget, and Socioeconomic Planning – are basing their forecast on the 4.4-percent inflation rate in January, which is at the upper end of the government’s target.
“In fact, we are seeing scenarios that inflation will be at 2 percent in the third quarter,” Diokno said. (GMA News)
