Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household
The Philippine economy grew by 3.7% in 2011, within the 3.6-4% growth range forecast by the National Economic and Development Authority (NEDA).
However, this is below the Development Budget Coordination Committee’s (DBCC) growth assumption of 4.5-5.5%, which is used for budgeting purposes, and the Philippine Development
Jaime Augusto Zobel de Ayala, Chairman and CEO, Ayala Corporation, on competitiveness
Jaime Augusto Zobel de Ayala, Chairman and CEO, Ayala Corporation, on competitiveness
Jaime Augusto Zobel de Ayala, Chairman and CEO, Ayala Corporation, on competitiveness
William Hague, UK Secretary of State for Foreign and Commonwealth Affairs, on UK-ASEAN relations in the 21st Century
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