WITH the Philippine economy posting growth of only 0.8 percent in the third quarter, the national government has abandoned and given up on achieving 1.8-percent growth or the high end of the full-year targets set by the Development Budget Coordination Committee (DBCC).The National Economic and Development Authority (Neda) said the economy needs to grow by 0.9 percent in order to attain the low end of the government’s full-year targets for 2009. The 0.8-percent growth in the third quarter placed the country’s gross domestic product (GDP) growth for the first nine months at 0.7 percent.
