Goals to achieve

05 May 1997 00:00  [Source: ACN]

THE stated aims of the Philippines 1997 Investment Priority Plan are:

• To further enhance the global competitiveness of Philippine industrial products
• To increase exports
• To support small- and medium-sized enterprises
• To increase agricultural productivity
• To set up and upgrade infrastructure and support facilities
• To ensure efficient environmental management
• To disperse industry in the countryside
• To alleviate poverty.

At a glance
%	1993	1994	1995	1996 forecast
Real GDP growth	2.1	4.4	4.8	5.0
Inflation   (Consumer Price Index)	7.6	9.0	8.1	7.0
Unemployment rate	9.3	9.5	9.5	9.4
Current account/   GDP	(5.5)	(4.6)	(2.5)	(3.9)
Source: Moody's Investors Service
Exports growth rate	-	27.3	36.7	30.0*
Imports growth rate	-	23.8	27.6	32.3*
*target
Source: Updated Medium-Term Philippine Development Plan

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