Q3 econ growth slows down

Q3 econ growth - Economic growth slows to 3.2 in Q3 By Iris C Gonzales(The Philippine Star Updated 12:00 AM MANILA Philippines Underspending by the

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Economic growth slows to 3.2% in Q3 By Iris C. Gonzales (The Philippine Star) Updated November 29, 2011 12:00 AM MANILA, Philippines - Underspending by the government and global uncertainties continued to drag economic growth in the third quarter, with gross domestic product (GDP) expanding by only 3.2 percent from the 7.3 percent “honey moon growth” a year ago and from the revised 3.1 percent recorded in the second quarter of the year, the National Statistical Coordination Board (NSCB) reported yesterday. The third quarter economic performance brought GDP growth in the first nine months of the year to 3.6 percent, quite a distance from even the lower end of the government’s 4.5-percent to 5.5- percent growth target for the year. Despite the lackluster growth of the economy, Socioeconomic Planning Secretary Cayetano Paderanga Jr. said there are favorable prospects for the fourth quarter of the year. “These include the following: anticipated higher demand on account of the Yuletide and harvest
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This note was uploaded on 01/06/2012 for the course ECON 102 taught by Professor Goodhart during the Spring '11 term at Abu Dhabi University.

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Q3 econ growth - Economic growth slows to 3.2 in Q3 By Iris C Gonzales(The Philippine Star Updated 12:00 AM MANILA Philippines Underspending by the

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