Central Banking

Philippine economy seen growing 4% in 2000

The Philippines' central bank said on Tuesday the economy may post four percent growth year-on-year in the third quarter, backed by a strong performance by the agriculture sector. Central bank deputy governor Armando Tetangco cited the 3.49% growth in agriculture in the first nine months of the year as an indicator on how the economy fared in the third quarter of 2000.

"It should help the GDP number. I think it (the economy) should grow satisfactorily, more or less the same as the second quart

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