Part 1 News: Growing Too Slow

PH economy posts 4.9% GDP growth in Q1

Slower growth to continue

The country’s economic slowdown will likely continue in the next few quarters, thus making the 7-percent to 8-percent growth target of the government impossible to achieve, economists said on Monday. This, after it was reported that economic growth in the first quarter slowed to 4.9 percent compared with 8.4 percent in the first quarter last year.

For the full article published in the Business Mirror on May 30, 2011, click here.

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