Increased investment and government spending will boost the economy by 6.8 percent this year, a European group of accountants forecasts, reflecting growth that is tempered by the impact of last year’s Super Typhoon Yolanda on livelihoods in the central provinces.
The Europe-based Institute of Chartered Accountants in England and Wales (ICAEW) took a more conservative stance in forecasting the Philippines’ economic growth, compared with the 7.0-percent to 9.0-percent projected on Tuesday by economist Dr. Bernardo Villegas, chairman of the Center for Research and Communications.
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