BUSINESS WORLD: PROF BEN DIOKNO
The economic outlook for the Philippines is one of decelerating growth. The second quarter growth was lower than the first quarter growth. For the World Bank's full year GDP growth of 5% to be achieved, the economy has to grow 3.9%, and for ADB's full-year GDP growth of 5.5%, it has to grow 4.9%. Both second-half forecasts are lower than the government's full year forecast of 5% to 6%.
The economic outlook for the Philippines is one of decelerating growth. The second quarter growth was lower than the first quarter growth. For the World Bank's full year GDP growth of 5% to be achieved, the economy has to grow 3.9%, and for ADB's full-year GDP growth of 5.5%, it has to grow 4.9%. Both second-half forecasts are lower than the government's full year forecast of 5% to 6%.
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