'Floods to have minimal impact on PH economy'

Posted at | Updated as of 08/13/12 10:28 PM
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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