Arab Today, arab today philippines foresees 2013 economic growth at 7
Last Updated : GMT 05:45:46
Arab Today, arab today
Arab Today, arab today

Philippines foresees 2013 economic growth at 7%

Arab Today, arab today

Arab Today, arab today Philippines foresees 2013 economic growth at 7%

Manila - XINHUA

Despite the extensive damage caused by typhoon Haiyan and the earthquake in central Philippines, the government expected Tuesday the country's economy in 2013 to grow by 7 percent. Socioeconomic Planning Secretary Arsenio M. Balisacan said the Philippines would continue to post "robust" growth next year as the reconstruction of areas affected by typhoon Haiyan goes into high gear. "Taking into consideration developments in the Philippine economy, including those on the external, monetary and fiscal fronts, we expect gross domestic product (GDP) growth to hit the upper limit of our target for 2013," Balisacan told a press briefing. Without the crises and natural calamities that struck the Philippines, Balisacan said economic growth this year could reach as high as 7.5 percent or beyond the 2013 target of 6 to 7 percent. For 2014, Balisacan said the government is maintaining its growth projection of 6.5 to 7.5 percent. "We expect rapidly to implement recovery and reconstruction for typhoon-affected areas to help offset the probable slowdown of the economy in the first quarter (of 2014). But in the subsequent quarter, we should be able to regain the momentum," Balisacan said. Of the 130 billion pesos (2.94 billion U.S. dollars) required for the reconstruction of typhoon-affected areas, he said 34 billion pesos (769.96 million U.S. dollars) would be used immediately in the first half of 2014. Balisacan said the amount will cover expenses for temporary housing for victims, and rebuilding and repair of public infrastructure and other facilities such as schools, clinics and health centers. Part of the amount, he said, will also go to providing livelihood to farmers and fishermen affected by the typhoon. Balisacan said the Philippine government will be presenting the reconstruction and rehabilitation plan to its development partners on Dec. 18.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippines foresees 2013 economic growth at 7 Arab Today, arab today philippines foresees 2013 economic growth at 7

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippines foresees 2013 economic growth at 7 Arab Today, arab today philippines foresees 2013 economic growth at 7

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday