35087
Philippine Growth Below Expectations
World Economy

Philippine Growth Below Expectations

The last full-year economic report of Philippines under President Aquino’s administration will be released Thursday. The expectation is growth will be lackluster compared to previous years, but good enough for the Philippines to keep pace with the fastest growing economies in Asia, ABS reported. After all, an average expansion of just under 6% would still be better than growth in the developed world, including the US, Europe and Japan. Government’s official forecast range for 2015 is between 7 and 8%. But throughout the year, quarter after quarter of economic growth came in below expectations. Outgoing National Economic and Development Authority Secretary General Arsenio Balisacan ended up offering an unofficial revised target of 6%. But even the lower target is unrealistic, because it would require a growth of 6.9% in the last quarter of 2015. Remember, this was a quarter which saw the agriculture sector hampered by the El Nino, and the financial sector roiled by divergent monetary policy and other external problems.

Short URL : http://goo.gl/ly8kEQ
  1. http://goo.gl/rNIYqG
  • http://goo.gl/nX2hpc
  • http://goo.gl/3Z20q4
  • http://goo.gl/sOFvRk
  • http://goo.gl/2pb9X8

You can also read ...

ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
File picture of truckers in Buenos Aires during a demonstration last summer against the policies of Mauricio Macri.
The Argentine economy grew “close to 2.8%” last year, Guido...
Goldman Raises Red Flag Over US Gov’t Spending
US fiscal policy is headed for “uncharted territory.” That’s...

Trending

Googleplus