PH Economy to sustain growth in 2013





January 25, 2013

The Philippine economy “has what it takes to maintain at least 6% growth” in 2013, declared Dr. Cayetano W. Paderanga, former Director-General of the National Economic and Development Authority (“NEDA”) in the 2013 Philippine Economic Briefing held last 16 January 2013.

Sustained private consumption, increased government spending, and positive exports would continue to paint a rosy economic picture for the Philippines. However, Dr. Paderanga noted that increased investments, particularly in infrastructure, are needed to fast track development and propel the country to the league of Asia’s Tigers.

The Economic Briefing is an annual event sponsored by PJS Law Foundation so that it may provide indicators and trends for PJS and its clients and partners, in relation to its strategic plans for the coming year. For a copy of Dr. Paderanga’s presentation, kindly email us at pwchua@pjslaw.com.