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Home>>Daily News>>Philippines>>Economy>>Pernia says PHL economy to grow by 6.7-6.9% in 2017

NEWS UPDATES Asean Affairs   December 15,  2017  










Pernia says PHL economy to grow by 6.7-6.9% in 2017

The Philippine economy is expected to grow by 6.7 to 6.9 percent this year, given the “firm” and “stable” macroeconomic fundamentals of the country, the National Economic Development Authority (NEDA) said Thursday.

“Between 6.7 and 6.9, I think,” Socioeconomic Planning Secretary Ernesto Pernia said when asked for the full-year outlook on the gross domestic product (GDP) this 2017.

The GDP expanded by 6.4 percent in the first quarter of the year, 6.7 percent in the second quarter, and 6.9 percent in the third quarter.

“We recorded a 6.7-percent growth in the first three quarters of 2017. We’ve seen robust domestic consumption and government spending, and there has been recovery in external demand,” Pernia told reporters during a briefing in Pasig City.

“Our macroeconomic fundamentals remain firm and stable. Inflation [is] within target, and trade continues to grow,” he said.

Pernia is optimistic the government will hit its 6.5- to 7.5-percent growth target this year.

“Truly, there is much to look forward to in 2018, and we are all very excited to see much-needed reforms realized next year,” he said. — VDS, GMA News


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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