NEDA sees Q3 GDP hitting above 7%

With the release for Philippine economic growth in the third quarter being anticipated in November, Socioeconomic Planning Director Arsenio Balisacan said that the gross domestic product (GDP) growth for that period is seen to go above 7 percent and “exceed targets” despite external global shocks.

“There’s quite a bit of uncertainty out there, especially in the global front, for example [the speculated] US government shutdown. Notwithstanding, we expect to still exceed our own growth target of 6 [percent] to 7 percent for 2013,” Balisacan told The Manila Times through a text message.