'Floods to have minimal impact on PH economy'

Posted at Aug 13 2012 02:28 PM | Updated as of Aug 13 2012 10:28 PM

Government is confident it will still achieve this year's growth targets, despite the devastation left by the heavy rains and floods. A private sector analyst agrees, noting that though the floods will affect agricultural output, this will be offset by an increase in construction spending. ANC Dateline Philippines, August 13, 2012