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GDP growth seen below 3% in 1st quarter

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GDP growth seen below 3% in 1st quarter
The domestic economy is projected to grow below 3 percent in the first quarter of 2010 with a 2 to 3 percent decline in agriculture output due to El Niño and a strong peso that would limit the stimulative effect of OFW remittances. In its February issue of Market Call, FMIC & UA&P Capital Markets Research, said the overall outlook for the Philippine economy for the remaining months of the first …

Read more on Manila Bulletin via Yahoo! Philippines News

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