IMF raises 2013 PH growth forecast to 6%
MANILA, Philippines - The International Monetary Fund (IMF) raised its 2013 growth forecast for the Philippines to 6% from 4.8%.
In a press briefing on Wednesday, January 23, IMF mission chief Rachel Van Elkan cited the good governance strategies of the country's leaders and the Philippines' sound economic performance.
“This growth resilience and more favorable outlook is both a testament to the Philippines’ improved macroeconomic fundamentals, policy reforms and a reflection of the exceptional goal setting,” she said.
"The focus on good governance has buoyed confidence and is supportive of more-inclusive growth,” she added. - Rappler.com