PH sees 2012 full-yr growth to hit around 6.5pct
MANILA - The Philippine economy may have grown around 6.5 percent in 2012, higher than a government target of 5-6 percent, with growth momentum expected to be sustained this year, backed by infrastructure spending, the economic planning chief said on Tuesday.
"Could be 6.5 percent," Arsenio Balisacan told reporters on the sidelines of a business forum.
Analysts in a Reuters poll this week expect the economy to have grown 6.4 percent in 2012, based on consensus forecasts. The government will formally announce 2012 growth data on Jan. 31.