MANIlLA -- The International Monetary Fund upgraded its growth forecast for the Philippines in 2012 and 2013 to 6.5 percent and six percent, respectively.
These figures were previously at 4.8 percent.
Also, the 2014 forecast for growth, as measured by gross domestic product is 5.5 percent.
As of the end of the third quarter last year, the domestic economy posted a 6.5 percent growth while the third quarter figure alone stood at 7.1 percent, the highest in the ASEAN and second after China.
‘Neg. Occ. all set for
int’l food expo’
Representatives of two overseas recruitment agencies will be in Bacolod City today and next week for a special hiring activity for skilled workers to work abroad.
Moises de la Cruz, PESO manager, said yesterday that East West Placement Center Inc. personnel will have their interviews today at the Bacolod Business Inn for jobs in Saudi Arabia.
The agency needs stockers, merchandisers, assistant bakers, cooks, fitters, dispatchers, cleaning machine operators, marshal lane operators, storekeepers, air conditioner technicians, and conveyor operators, he said.
increased by 2.92%’
The country’s agricultural sector posted a growth of 2.92 percent in 2012, higher than 2011’s 2.34 percent growth, with P1.4 trillion at current prices, the Department of Agriculture, said in a press release.
Agriculture Secretary Proceso Alcala said the subsectors of crops, poultry and livestock comprised the farm output of the year with 82 percent. Three subsectors posted a combined growth of 3.6 percent.
The fisheries subsector, meanwhile, experienced a decline by 0.04 percent due to a 3.9 percent decline in municipal fish catch, pulling the other subsectors down.