Halfway through the year, two major economic indicators in the Philippines were on the downtrend, prompting some analysts to say that these could adversely affect the country’s forecast of a 5-6 percent growth in its gross domestic product (GDP) in 2012.
In a report released last Friday, the National Statistics Office ( NSO) said that Philippine exports grew by only 4.2 percent in June after a double-digit rebound in May.
(Source: philstar.com)