IMF cuts Philippine growth forecast to 2.25% - Instablogs
IMF cuts Philippine growth forecast to 2.25%
Grace Calderon , Quezon City: Feb 5 2009
Philippines :
The Philippine economy is likely to grow by only 2.25 percent this year due to the easing demand in its major export markets, the International Monetary Fund (IMF) said. The initial estimate in November 2008 was 3.5 percent.
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Tags: economic crisis, growth rate, IMF, Business
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