Bloomberg News

Philippines Cuts 2011, 2012 Growth Forecasts, Paderanga Says

October 11, 2011

Oct. 12 (Bloomberg) -- The Philippines lowered its economic growth forecast this year to between 4.5 percent and 5.5 percent, Economic Planning Secretary Cayetano Paderanga said in Manila today.

Growth projection for 2012 was cut to a range of between 5 percent and 6 percent, Paderanga 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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