Philippine Economy: Sluggish in 2011, Bullish in 2012?
Published By: Senate of the Philippines on eSS | Published Date: March, 20 , 2012The Philippine domestic
economy shrunk to
3.7 percent in 2011, after a growth of 7.6 per cent in 2010. Outlook for 2012 is
relatively sanguine with
the government hinging
its optimism on robust
consumer demand and
a more vigorous
public spending.
However, downside risks
to growth persist with
the global recovery
poised to remain slow
and uncertain. [ER-12-01]. URL:[http://www.senate.gov.ph/publications/ER%202012-01%20-%20March%202012.pdf].
Author(s): Senate Economic Planning Office SEPO | Posted on: Apr 20, 2012 | Views(565) | Download (898)