Total exports could grow by as much as 9 percent this year, the Trade department said on Tuesday, rebounding from last year’s contraction and despite a scaled-back target announced by economic managers on Monday.
Merchandise exports fell by 5.6 percent in 2015 amid a global downturn and the department, in a statement, said a 5.2 percent expansion in services exports had limited the impact on total Philippine exports to a 2.4-percent decline.
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