My Google Page Rank

NEDA sees 'better' GDP growth in 2012

PDFPrintE-mail

The National Economic and Development Authority (NEDA) expects that the country's economic growth this year to be "better" than last year.

"While NEDA is optimistic that 2012 will be substantially better than 2011, we remain vigilant and continue to closely monitor external developments that continue to pose significant risk to the country’s growth," Socioeconomic Planning Secretary Cayetano Paderanga said.

Paderanga said as many analysts expect, global economic recovery might stall in 2012 mainly due to the growing concerns over Europe.

He said the International Monetary Fund projects the Euro area will suffer a mild recession due to lingering concerns on how to appropriately and quickly restore confidence in the economy in order to support growth while at the same time addressing fiscal imbalance and providing more liquidity and monetary accommodation.

"Similarly, we are also watching closely developments in the US economy, whether the recovery will gain momentum or will remain fragile," Paderanga added.

Likewise, the NEDA chief recognizes the risk that China could slow down or even experience a “hard landing,” so the government is closely monitoring the overall global situation.

"Overall, we expect the economy will be able to gain its momentum this year. We will pursue programs and projects designed to improve our resilience to typhoons, disasters, and climate change. We will continue our assiduous efforts to diversify our exports base, both in terms of products and countries," Paderanga said.

The government is prepared to hurdle further challenges with the support of all sectors, he said.

Paderanga said the government agencies are working closely in crafting innovative strategies by ensuring the rapid acceleration of government spending.

He said they are also implementing the appropriate policies as spelled out in the Philippine Development Plan 2011 to 2016 in order to steer the country towards the path of inclusive growth.

Under the PDP, the government's targets a GDP growth of between seven to eight percent until 2016.

By PNA/PIA9-ZBST




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

TITANS COBRA….. JAIME

19 Aug 2017 Hits:54 Be the first to comment!

Este si Jaime Cariño Canayon Jr., 15 años de edad, 5’6” el altor , anak di Jaime M. Canayon Sr. y Imelda Cariño . Su hermana si Jaine Mae C. Canayon y sila maga  residentes de Pluto, Tumaga Ciudad de Zamboanga . Grade 10 ta estudia na Ateneo de Zamboanga University . Este su istoria…. Ya principia yo juga Taekwondo cuando grade 9 iyo .  Este el desportes Quiere yo y quiere yo queda deberasan mi sueño.  Pureso ya atraca yo con mi mayores y ya abla yo canila  , ya conseja sila conmigo kay baka afecta el mi istudio. Ya promete yo canila kay estudia yo buenamente, ya comporma mi mayores para man enrol na taekwondo con coach Cesar Oliver Basilio [...] Read more

Prev Next Page:

TITANS SCORPION... NAMS

18 Aug 2017 Hits:63 Be the first to comment!

Este si Namshur Yahcob Pingli , su palayao “Nams”, 14 años de edad, 5’6” el altor , anak di Usman J. Pingli y Aeesha Masuhud Yahcob , su hermana si [...] Read more


D’PHOENIX… EG BOY

17 Aug 2017 Hits:72 Be the first to comment!

Este si Euroe gene Sosas Soriano, su palayao “EG Boy”, 28 años de edad 5’8” el altor , casao cun Al Jean B. Soriano , diila anak si Bayle B. [...] Read more


TEAKWONDO SUPER KIDS… ANGEL.. TOH DON.. FARIS.. GANDHI

15 Aug 2017 Hits:83 Be the first to comment!

Este istoria aserca con el maga anak di Don Mustafa Arbison Loong y Titina Anni Faraown Loong, residente de Km 4, Pasonanca road, Ciudad de Zamboanga . Este el cuento di [...] Read more


TAEKWONDO FANTASTIC SISTERS... ELIZA Y CHINA

13 Aug 2017 Hits:108 Be the first to comment!

Este el dos man hermana si Elizabeth Talisha B. Chan , su palayao “Eliza” , 16 años de edad y Nathalie B. Chan , su palayao “China”, 14 años de [...] Read more


City fetes outgoing police commanders

12 Aug 2017 Hits:125 Be the first to comment!

As a show of gratitude for all their hardwork and sacrifices, the seven (7) outgoing police station commanders were recognized by Mayor Beng Climaco in fitting ceremonies Friday noon that [...] Read more


TAEKWONDO SUPER KID... AARON

12 Aug 2017 Hits:113 Be the first to comment!

Este si Aaron Josh Niu Dee , ta lama conele Aaron, 9 años de edad, 121 cm el altor y un grade 4 estudiante de Ateneo de Zamboanga University . [...] Read more


TAEKWONDO SUPREME KID... MIGGY

12 Aug 2017 Hits:96 Be the first to comment!

Este si Paolo Miguel Tianzon Pagteilan , ta lama conele na palayao “Miggy”, 10 años de edad, 4’11” el altor y un grade 5 estudiante de Ateneo de Zamboanga University [...] Read more


ZCPPO No. 2 Mid-Year Assessment: Exceeding Targets

12 Aug 2017 Hits:108 Be the first to comment!

The Parole and Probation Administration is mandated by law not only to investigate potential convicted offenders who would likely respond positively to community-based corrections but also to supervise their much [...] Read more


Metro Rotarians on the move

11 Aug 2017 Hits:149 Be the first to comment!

Members of the Rotary Club of Metro Zamboanga organized a blood letting activity together with the Sharaffa Ysabelle Foundation at the Red Cross Blood Center in Petit Barracks on August [...] Read more


BILLIARD CUE STAR... CHEZKA

11 Aug 2017 Hits:107 Be the first to comment!

Este si Chezka Luy Centeno , ta lama conele na palayao “Joe”, 18 años de edad , 5’3” el altor, y residente de Veterans Avenue Extension, Tetuan, Ciudad de Zamboanga [...] Read more


TAEKWONDO POWER KICK... BRANDON

09 Aug 2017 Hits:107 Be the first to comment!

Este si Brandon  Dizon  Recinto , 17 años de edad , 161 cm el altor, anak di Borman Luna Recinto y Evangeline Dizon Recinto y residente de Luistro drive , [...] Read more


TAEKWONDO WONDER WOMAN... TINA

07 Aug 2017 Hits:126 Be the first to comment!

Este el istoria de un familia nana y anak athleta de Taekwondo Este si Titina A. Faraown Loong, Ta lama conele na palayao “Tina”, 42 años de edad, 150 cm el [...] Read more


STREET RACE KING... RUBEN

06 Aug 2017 Hits:125 Be the first to comment!

Este si Ruben Juaton Arquiza, 56 años de edad , 5’6” el altor , casao cun Ma. Soledad , tiene sila 5 anak y ta esta na Morning Breeze ,Talon [...] Read more


INTREPRENEUR RIDER…. CHOY

05 Aug 2017 Hits:132 Be the first to comment!

Este si Nelson Fernandez , conosido na palayao “Choy”, 52 años de edad, 5’4” el altor , casao cun Shirley Fernandez , tiene sila 3 anak y residente de Aurora [...] Read more


TAEKWONDO LADY STRIKER… GENNE

04 Aug 2017 Hits:136 Be the first to comment!

Este si Algene Marhee Pecson Amiruddin , ta llama conele na palayao “Genne” , 17 años de edad , 161 cm el altor y residente de Uy’s Drive , Lumiyap, [...] Read more


ZAMBOANGA PENCAK SILAT… SUPREME PERFORMANCE… CRIS ANN, RAVEN, HANNAH Y ALESSANDRA

31 Jul 2017 Hits:166 Be the first to comment!

Este el Pencak Silat Association que ta encabesa el Presidente del asociacion si Rommel L. Bernardo , El persona que ya discubri o ya principia grupu, amo si Sultan Jamalul [...] Read more


ZAMBOANGA CITY BIKERS ON THE RUN

30 Jul 2017 Hits:176 Be the first to comment!

“Este el Team Zamboanga City Bikers , el team Kalayat kay el miembro del team de otro otro grupu mga athleta pero todo  quiere juga este clase de desportes . [...] Read more


2017 INTER OFFICE BASKETBALL CHAMPION – CEO

29 Jul 2017 Hits:172 Be the first to comment!

Este el CEO City Engineer’s Office Basketball team , el maga empleado del oficina del CEO amo el maga miembros del team : Este canda Nelson Tarroza, Engr. Sherwin Rabago, [...] Read more