The Philippine economy likely expanded 6-7 percent in 2014, a range whose lower end was below-target, mainly on the back of anemic government spending, Budget Secretary Florencio B. Abad said on Wednesday. Following the Cabinet-level Development Budget Coordination Committee (DBCC) meeting, Abad also told reporters that while the country’s economic managers had decided to keep the gross domestic product (GDP) growth target for this year at 7-8 percent, the 2016 goal was cut to a similar 7-8 percent expansion from the previous projection of 7.5-8.5 percent. Link to full article: goo.gl/DLcUxU Source: INQUIRER.net
Posted on: Thu, 08 Jan 2015 05:00:00 +0000
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