The government is confident that the Philippine economy will expand within its 6-percent to 7-percent growth target this year, according to Socioeconomic Planning Secretary Arsenio Balisacan.

“We are confident that with the 2012 GDP [gross domestic product] growth rate of 6.6 percent, we are on track to achieving our target of 6 [percent] to 7 percent this year and 6.5 percent to 7.5 percent next year,” Balisacan said during the 34th National Conference of Employers.

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