The outlook is a tad higher than the aggregate 5.3% for Southeast Asia’s 10 economies, individual forecasts this year are mixed. The average momentum for the next five years will be 5.5%, the OECD said.
Source: Business World
Monday, November 19, 2012
Philippine Economy On Steady Growth This Year
The Philippine economy will likely post within-target growth this year, the Organization for Economic Cooperation and Development (OECD) said, but is unlikely to expand at rates programmed by the government for the medium term. With the region expected to stay resilient amid a global downturn, the OECD, in its Southeast Asia Economic Outlook 2013 released yesterday, said the Philippines could see 2012 gross domestic product (GDP) growth of 5.4%, within the government’s 5-6% goal and up from 2011’s below-target 3.7%.
The outlook is a tad higher than the aggregate 5.3% for Southeast Asia’s 10 economies, individual forecasts this year are mixed. The average momentum for the next five years will be 5.5%, the OECD said.
Source: Business World
The outlook is a tad higher than the aggregate 5.3% for Southeast Asia’s 10 economies, individual forecasts this year are mixed. The average momentum for the next five years will be 5.5%, the OECD said.
Source: Business World
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