THE Philippine Chamber of Commerce and Industry (PCCI) strongly believes that the country has a rosy outlook for the Philippine economy for the full year of 2023.

PCCI president George Barcelon said he is optimistic that the gross domestic product (GDP) growth could reach 6 percent.

He made the statement following the result of the third quarter GDP.

“We (GDP growth) should hit at 6 percent. We are entering the ‘-ber’ months, and in the last part of the year, people have more disposable income. That would boost the economy in the fourth quarter,” Barcelon said.

He added that the remittance during the last quarter of the year is expected to propel domestic spending along with the government disbursement of budget.

Barcelon also said that the welcome the easing  unemployment rate and inflation.

They said that it would help improve the economic performance for the rest of the months of 2023.

Officials from the economic team of the Marcos Administration said that they are looking at an economic expansion of 6 percent to 7 percent this year.