Foreign newsAgriculture drags down Philippines economy

THE dismal performance of Philippines agricultural sector in the first half has left the economy looking at no more than 1% growth this year, says the International Monetary Fund.

The previous administration was targeting growth of 3% in 1998 and 5% in 1999.

• El Niño hits Philippines farming, FWi, 18 August
• Philippine leader makes agriculture a priority, FWi, 21 July
• Financial Times 20/08/98 page 6 (News Digest)