Oct. 27 (Bloomberg) -- Philippine storms in recent weeks may cut growth by about 0.13 percent, Economic Planning Secretary Cayetano Paderanga said in speech today in Manila.
Growth momentum is expected to accelerate this quarter on seasonal holiday spending even as global developments, including the crisis in Europe, may impact the domestic economy, he said. Business sentiment improved, supporting investments, he said.
--With assistance from Cecilia Yap in Manila.
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