PH can sustain robust growth, says BSP governor Tetangco

BSP Governor Amando Tetangco Jr.

MANILA, Philippines—The Philippines can sustain its robust growth momentum in the second half, said Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. during the Philippine economic team’s economic briefing being held Monday at the Philippine Internatioanal Convention Center.

He said, however, that the country faces dampening risks from Euro zone crisis, and the slowdown of China and India.

Arsenio Balisacan, director general of the National Economic and Development Authority, said in the same briefing that the country’s gross domestic product growth for this year could hit the higher end of the 5- to 6-percent target.