2/11/2013

Philippine GDP growth is expected to come down from last year's 6.6% to 6.1% in 2013 due to a still uncertain export market and domestic "bureaucratic bottlenecks," according to U.S.-based GlobalSource Partners. "Internally, remaining bureaucratic bottlenecks may again stall government spending, keeping a lid on investment ratios and souring investor moods," commented economists Romeo L. Bernardo and Marie-Christine Tang, GlobalSource's Philippine partners.

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