BSP bullish on GDP growth

28 Oct

By Paolo G. Montecillo

The Philippine economy will likely sustain or even surpass its first semester growth until the end of 2013, buoyed by positive business and consumer sentiment that has resulted in industrial production and consumer consumption.

Most of the economic indicators tracked by the Bangko Sentral ng Pilipinas (BSP) pointed to signs that the country’s growth for the year would likely breach official government targets.

“The safe way to say it is that we will be close to 6 to 7 percent. After all, we already did over 7.5 percent in the first half,” BSP Deputy Governor Diwa C. Guinigundo said late last week.

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