NEDA: 2014 economic growth target still within reach

Hitting the 2014 economic growth target of 6.5% to 7.5% is still possible for the Philippines, if historical performance will repeat itself, the country’s chief economic planner said on Tuesday, September 30. A 6.9% growth in the second half of 2014 is needed to achieve the lower end of the 6.5% to 7.5% full-year growth target. In the first semester, the Philippine economy grew by 6%, slower than the 7.8% expansion in the same period last year. “I think that the impact of the truck ban [on imports] has already eased. We hope that the [imports] numbers will be much better by August,” NEDA Director General Arseno Balisacan said at the sidelines of an economic briefing on Tuesday.

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