Arroyo lauds 6.9% GDP growth

Statement of the President: On economic growth in the 1st quarter of 2007

I am pleased to announce that the economy has shown rather strong growth in the first quarter of 2007. Gross domestic product or GDP grew by 6.9 percent, while gross national product or GNP grew by 6.6 percent. This is a great sign that we will meet our GDP growth target of 6.1 to 6.7 percent for 2007.
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