Full-year economic growth seen at 5.5%:
MANILA, Philippines--The Philippine growth momentum is slowing but domestic demand seems strong enough to bring a full-year growth close to 5.5 percent this 2012, said New York-based think tank Global Source.
But given the still negative outlook on global growth next year, Global Source lowered its 2013 gross domestic product forecast for the Philippines to 5 percent from 5.5 percent.
The think tank pointed out that a 5-percent growth outlook for next year, however, was “still an optimistic forecast that partly depends on elections and related public spending helping to drive growth.”
The government reported last week that the country's seco...
Keep on reading: Full-year economic growth seen at 5.5%
MANILA, Philippines--The Philippine growth momentum is slowing but domestic demand seems strong enough to bring a full-year growth close to 5.5 percent this 2012, said New York-based think tank Global Source.
But given the still negative outlook on global growth next year, Global Source lowered its 2013 gross domestic product forecast for the Philippines to 5 percent from 5.5 percent.
The think tank pointed out that a 5-percent growth outlook for next year, however, was “still an optimistic forecast that partly depends on elections and related public spending helping to drive growth.”
The government reported last week that the country's seco...
Keep on reading: Full-year economic growth seen at 5.5%
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