Monday, January 30, 2012

BUSINESSWOLRD - Growth seen at lower end of forecast - Trinh D. Nguyen, regional economist at the Hong Kong and Shanghai Banking Corp., said: "For the year, growth is expected to come in at 3.5% year-on-year, a significant slowdown from the previous year." "While government spending picked up due to the P72-billion stimulus as well as front loading of projects, it is unlikely to be enough to offset the significant drag of exports," Ms. Nguyen said in an e-mail.

No comments:

Post a Comment