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                    [Title] => High oil prices to affect GDP growth
                    [Summary] => Economic Planning Secretary and National Economic and Development Authority (NEDA) Director General Augusto Santos said high oil prices could clip the country’s economic growth by a fraction below the 5.3 percent gross domestic product (GDP) growth target this year.


He said if the price of Dubai crude settles at $60 per barrel, the government has estimated GDP to grow by 5.2 percent, and slide down to 5.1 percent if Dubai crude reaches $70 per barrel.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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DEVELOPMENT BUDGET COORDINATING COMMIITTEE

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                    [ArticleID] => 292274
                    [Title] => High oil prices to affect GDP growth
                    [Summary] => Economic Planning Secretary and National Economic and Development Authority (NEDA) Director General Augusto Santos said high oil prices could clip the country’s economic growth by a fraction below the 5.3 percent gross domestic product (GDP) growth target this year.


He said if the price of Dubai crude settles at $60 per barrel, the government has estimated GDP to grow by 5.2 percent, and slide down to 5.1 percent if Dubai crude reaches $70 per barrel.


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abtest

High oil prices to affect GDP growth

By Ted P. Torres | August 19, 2005 - 12:00am

Economic Planning Secretary and National Economic and Development Authority (NEDA) Director General Augusto Santos said high oil prices could clip the country’s economic growth by a fraction below the 5.3 percent...

Business