BSP chief: IMF’s zero-growth forecast for RP ‘unlikely’

A flat growth for the Philippines this year, as projected by the International Monetary Fund (IMF), is unlikely to happen, according to Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco.

According to Tetangco, the IMF has been underestimating the country’s gross domestic product (GDP) growth for the past seven years by about 0.5 percent.

Read more..