Philippine Standard time

1993: Kindling New Hopes, Reviving Old Dreams


This article presented the forecast for 1993 from different sectors. The Deputy-Director-General of the National Economic Development Authority projected an optimistic GDP and GNP based on "behind the scenes" factors. Meanwhile, the private sector's outlook projected a modest growth with investments taking the lead. For the government think-tank, economic activity will only grow at a modest pace led by investment, with a more stable macroeconomic and political environment combined with government spending making a more robust growth in 1994.


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