HIGH OIL PRICES, REDUCED EXPORT DEMAND LOWER RP'S GDP TARGET.
Publication: AsiaPulse News
Publication Date: 30-MAY-08
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MANILA, May 30 Asia Pulse - Despite the solid momentum recorded by the Philippines' economy during the first quarter of 2008, the government's economic managers had to reduce the Gross Domestic Product (GDP) growth target due to high oil prices and reduced demand for Philippine exports.
Thus explained Press Secretary...
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