The government said it’s on track to achieve its economic goals, but it’s falling behind on its social goals like reducing poverty and creating enough jobs. The Philippines grew 7.2% in 2013, the fastest-growing economy in Asia after China but Socieconomic Planning Secretary Arsenio Balisacan said the poorest families are being left behind. With only two years left of its 5-year plan, the government on Monday unveiled its updated mid-term plan. Among its goals: achieving economic growth of 7-8%, bringing down the unemployment rate to 6.5-6.7%, cutting underemployment to 17% and bringing down incidence of income poverty to 18-20%, all by 2016.
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