Philippines Q1 GDP up 2-3 pct yr/yr -fin secretary
Published: 04 May 2009 19:53:09 PSTNUSA DUA, Indonesia, May 5 - Philippine first-quarter gross domestic product likely grew 2-3 percent from a year earlier, Finance Secretary Margarito Teves said on Tuesday.
"That is the information we have been getting from the office of (Socio-economic Planning Secretary) Ralph Recto," Teves said in an interview on the sidelines of the Asian Development Bank's annual meeting in Indonesia.
First-quarter growth data will be announced on May 28.
The Philippines has said growth will slow to 3.1-4.1 percent this year from 4.6 percent in 2008 because of the financial crisis.
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