MANILA, Dec 11 (Reuters) - The Philippines on Wednesday said
it has lowered its medium-term growth forecasts and revised
foreign exchange assumptions.
It trimmed this year's growth target to 6.0%-6.5% from
6.0%-7.0%. It also lowered its growth goals for 2021 and 2022 to
6.5%-7.5% from 7.0%-8.0%, but kept the 2020 target at 6.5%-7.5%.
The forex assumption is now 51-52 to the dollar for 2019, and
51-54 from 2020 to 2022, an inter-agency committee in charge of
setting macroeconomic and fiscal targets said in a statement.