SubscribePhilippines On Its Way To Attain ’09 Growth Target -– Economic Officials
Economic managers are positive that the government will be able to achieve its 0.8-1.8 growth target this year as the second quarter figure exceeded expectations after it reached 1.5 percent. The government relayed today the domestic economy’s output, as measured by gross domestic product (GDP), is higher than the –0.1 to 0.9 percent forecast of the National Economic and Development Authority (NEDA). The latest growth amount is, however, lower than last years actual growth of 4.2 percent.
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