BSP says Philippine growth to meet low-end target
Despite the slower than expected growth recorded in the third quarter of the year, the Bangko Sentral ng Pilipinas is still optimistic that the country’s economy will be able to expand by at least the government’s low-end target.
“We may be able to meet the lower end of the 2009 GDP target," said Amando M. Tetangco Jr., BSP governor.
Last week, the National Statistical Coordination Board announced that the country’s gross domestic product, the sum of all goods and services produced within the country, was at 0.8 percent, the low-end of the between 0.8 percent and 1.8 percent target pegged by economic managers for 2009. REad more of the full BSP news.
