Diokno: Confident Philippines Can Cut Rate in 1Q 2024

The transcript discusses the potential for the Federal Reserve to maintain higher interest rates for longer, while the Philippines sees its CPI at a 16-month low. The Philippines aims to keep inflation within a 2-4% target by the end of the year, with a possible rate cut in early 2024. Despite slow economic growth, attributed to base effects and reduced election spending, the government plans to accelerate project implementation, aided by El Nino's longer dry season.

How does election spending impact economic growth according to the text?

What measures are being taken to address under spending in government projects?