MANILA: The International Monetary Fund (IMF) forecasted a positive growth forecast of 6 percent for Philippines this year, after better-than-expected GDP growth in the first quarter of 2010.
The IMF’s original assessment was 3.6 percent in April 2009.
Other countries in the Association of Southeast-Asian nations (ASEAN-5) are also expected to better their predictions this year. Thailand’s 5.5 was raised to 7 percent; Malaysia’s 4.7 per cent to 6.7 percent; and Vietnam’s from 6.0 percent to 6.5 percent.
Source: GMA News
