TRIBUNE: RP bid to meet growth targets threatened by poor infrastructure, power investments - A big European bank has a weak economic outlook for the Philippines for 2012 and 2013, seeing only 4.7% GDP growth next year, a stark contrast to the DBCC's forecast of 6-7%. The UnionBank of Switzerland (UBS), said the Philippines cannot meets its 2012 and 2013 growth forecast because of poor investments in infrastructure and power industries.
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