Mon, Feb 11, 2013 - Page 5 News List

Economy gaining steam, economists say cautiously

By Kevin Chen  /  Staff reporter

The government is hoping for 3.53 percent GDP growth this year, higher than its previous forecast of 3.2 percent made in November last year. Credit Suisse said the economy is likely to expand by 3.4 percent this year, but did not expect the strong growth momentum seen last quarter could be sustained.

“We anticipate a more moderate growth pace in the coming quarters, unless the global economy shows stronger signs of improvement,” Tuntono said.

This story has been viewed 2513 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top