UN regional arm forecasts lower Philippine growth

MANILA, Philippines – The Philippines’ economic growth will fail to meet government expectations since its exports have reached record lows, the United Nations’ regional arm said on Thursday.

The Philippines is set to grow by “no more than three percent this year,” the United Nations Economic and Social Commission for the Asia and the Pacific (Unescap) said, citing its latest Economic and Social Survey of Asia and the Pacific.

read more…