Neda: 7-8% growth ‘still our fighting target’

Having taken into account the impact of recent world events, the National Economic and Development Authority (Neda) believes that the Philippines may yet post decent growth comparable to that seen in the first quarter of last year.

“There’s still a possibility of positive growth because we had strong momentum from the fourth quarter of 2010,” Economic Planning Secretary Cayetano W. Paderanga Jr. on Monday said in a phone interview.“Remember, it was already March 11 when disaster struck Japan, and the Mena [Middle East and North Africa] crisis was not really that bad until the latter part of February.”

Paderanga noted that export figures for the early part of the first quarter were “good.”

Read more at Philippine Daily Inquirer

Con Yap

  • Another case of cut and paste from a news site. I hope Inquirer will not complain.