UNESCAP sees 6.7-percent growth by 2014

The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) projects the Philippine economy would grow by 6.7 percent for the whole of 2014, because of the accelerated reconstruction efforts in areas affected by Super Typhoon Yolanda.

In its “2013 Year-end Update of Economic and Social Survey of Asia and the Pacific” released on Thursday, Unescap said that other than the rally in reconstruction efforts, increased remittances by overseas Filipino workers (OFWs) would be a “stable source of support for the Philippine economy.”