Wednesday, November 27, 2013

ANC: The country's economic growth slowed as expected by 7% in the 3rd quarter, the weakest this year, dragged down by agriculture and exports. The slowdown also comes amid speculation that the government slowed down spending due to the pork barrel controversy. In a briefing Thursday, the National Statistical Coordination Board (NSCB) said the economic growth rate was pegged at 7%. But this is lower than the 7.6% growth in the 2nd quarter.

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