This CPBRD Notes examines the sustainability of the higher-than-expected 6.4 percent GDP growth in the first quarter of 2012 by looking at the three major sectors of the economy: (a) agriculture, hunting, forestry and fishing; (b) industry; and (c) services. Apart from mitigating the impact of external shocks due to the unresolved Euro debt crisis, weak US recovery, and geopolitical dilemma with China, the country needs to address major structural problems, which could restrain growth.