PH economic growth outlook raised... / myLot

Philippines

October 4, 2012 4:44pm CST

Wow....this means to say that the Philippines economy is developing... Because with the positive first half performance of the economy, the Asian Development Bank (ADB) has upgraded its gross domestic product (GDP) growth forecast for the Philippines from 4.8% to 5.5% in 2012 even as it scaled down overall growth forecast for the Asian region. We have to be happy on this...this means to say that the government's effort in combating economic growth is really materializing and that every Filipino will somewhat feel this development.

1 person likes this

1 response

rsa101

@rsa101 (37952)

• Philippines

4 Oct 12

Yeah I think the only lacking in this scenario is the citizens would start feeling it. It seems like these are only figures that an ordinary Filipino would not feel its effect. Maybe the big businesses and rich ones can easily feel this but the majority of the citizens is still hard in feeling this development yet.