Philippines faces bright prospects for 2013
By Doris C. Dumlao
The Philippines continued to generate positive economic forecasts from foreign institutions following a surprise third-quarter growth.
The Philippines continued to generate positive economic forecasts from foreign institutions following a surprise third-quarter growth.
Trade Secretary Gregory Domingo expressed optimism Thursday over the country’s economic growth prospects for 2012, noting that the Philippines is now in a “sweet spot,” which will allow it to grab a fair share of foreign investments flowing into member-nations of the Association of Southeast Asian Nations.
The mix of indicators used in short-term economic forecasting indicated improved prospects for the Philippine economy in the fourth quarter of 2011, the National Statistical Coordination Board (NSCB) said in a report released Wednesday.
