PH kickstarts economic briefing in Frankfurt, Germany

The country began its Philippine Economic Briefing (PEB) series this year in Frankfurt, Germany on Jan 23, 2023 from 9:00 AM to 11:00 AM (Central European Time, GMT+1) at the Deutsche Bank Twin Towers.

The PEB, led by the Department of Finance (DOF) and co-organized by the Bangko Sentral ng Pilipinas (BSP), is an integral part of the overall economic communications campaign of the government.

It serves as a platform for key economic officials to brief international business and financial communities on the latest developments concerning the country’s robust economic performance, investment opportunities, and the Marcos administration’s development plan.

The event is expected to bring together foreign direct, fixed income, and equities market investors, as well as infrastructure players.

Secretary Benjamin Diokno will deliver a keynote message on the country’s latest macroeconomic landscape, while Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla, Department of Budget and Management (DBM) Amenah F. Pangandaman, and National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan will discuss price stability, spending priorities, and the Philippine economic agenda, respectively.

Afterwards, the economic team will take part in an interactive panel discussion and open forum on the country’s economic outlook and investment opportunities.

The Philippines’ strong economic rebound remains on track as it continues to exhibit robust growth in Asia, economic performance is expected to accelerate even further.

On December 31, 2022, the government released its medium-term socioeconomic development agenda—the Philippine Development Plan (PDP) 2023-2028, which is geared towards economic and social transformation to reinvigorate job creation and accelerate poverty reduction through inclusive economic growth.

In 2023, the Philippine economy is estimated to grow between 6 to 7 percent, while in the medium-term, the government targets economic expansion of 6.5 to 8 percent.

In the past year, the Marcos administration’s economic team led by Secretary Diokno held international briefings in Singapore, New York, and Washington, D.C.

The PEB in Frankfurt is organized in partnership with Bank of America Securities, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Standard Chartered Bank, UBS, Embassy of the Philippines in Berlin, German-Philippine Chamber of Commerce and Industry, and Department of Trade and Industry.