Thursday 18 October
Powered by Ajaxy
Nov 18, 2017 @ 12:18

‘Not there yet’: Espenilla dismisses overheating fears

 

Rapid economic growth shouldn’t be alarming.

The 6.9 percent gross domestic product (GDP) growth during the third quarter may have been faster than expected, but it shouldn’t be too surprising for an economy with a lot going on.

Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. even quelled fears that the Philippine is nearing an overheat, saying that current economic activity justifies the faster GDP increase.

“That begins to be a concern if we’re persistently growing above potential. To keep growing strongly without overheating, we expand potential itself through high quality investments funded in a sustainable manner,” Espenilla said in news reports.

There’s no way but up for the economy as far as the government is concerned, with the Department of Finance saying that GDP growth will grow even faster come the fourth quarter.

Please follow and like us:

Tags: , , , , , ,

Related Stories
There’s no stopping Macau's casino giant Melco Crown Entertainment from delisting its Philippine unit from
United Kingdom-based energy services firm, Wood Group Plc., is looking into investment opportunities in local
Is the worst over for the currency?
The Maritime Industry Authority (MARINA) has strengthened its collaboration with the Japan International Cooperation Agency


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.