PHILIPPINES GOVT SET TO REACH 4 PCT GDP TARGET FOR 2000.

MANILA, Jan 2 Asia Pulse - The Estrada administration expects to achieve a four per cent Gross Domestic Product (GDP) growth and an inflation of below the five to six per cent target for the year 2000 despite recent global developments adversely affecting the economy.

"Given the strong performance of the economy for the first three quarters of the year, the GDP growth target of four percent is still attainable," Director General Felipe Medalla of the National Economic and Development Authority (NEDA) told reporters in a recent briefing on the economy's performance.

The GDP is the sum of the value-added of agriculture, industry and services produced by the country, less the net factor income from abroad.

The strong 4.8 per cent economic growth during the first nine months of the year was due to the full ...