Philippines confident of growth above 5% in 2011

Reuters

Posted at Jan 28 2011 01:10 PM | Updated as of Jan 29 2011 07:42 AM

MANILA, Philippines - Finance Secretary Cesar Purisima said on Friday he was confident the economy will do better than an assumed growth rate of 5% under its 2011 national budget.

The government's gross domestic product growth goal this year is 7% to 8% against an estimated 7% to 7.4% expansion in 2010.