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'Strong' GDP growth seen.
(From BusinessWorld (Philippines))
An official of the country's chief economic planning agency sees economic growth hitting the higher end of projections in the fourth quarter, on the back of seasonally robust dollar inflows from overseas Filipino workers (OFWs) and increased government spending with the recent enactment into law of a P46.4-billion supplemental budget.
Early election-related spending is also expected to prod growth, National Economic and Development Authority planning and policy director Dennis M. Arroyo told reporters on Tuesday. "There will be stronger growth in the fourth quarter. With the passage of the supplemental budget, there will be …
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