Bloomberg News

Philippine Economy May Grow 5% to 6%, Inflation Within Target

September 29, 2011

Sept. 29 (Bloomberg) -- The Philippine economy may grow between 5 percent and 6 percent this year, while inflation will likely be within target, according to a document to be presented at the government’s economic briefing tomorrow.

Economic growth may be between 5.5 percent and 6.5 percent in 2012, according to the document provided by the government’s Investor Relations Office. Capital inflows and the debt crisis in Europe are risks to economic growth, it said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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