It is important to stress that there is considerable uncertainty around this scenario, and forecasters’ current views about the strength of the recovery span a wide range. For example, while private forecasters expect US GDP growth to reach around 2½-3 per cent in 2010, the IMF is projecting only 1½ per cent growth.
Amando M Tetangco, Jr: Efforts to provide an integrated national payments and settlements system Remarks by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), at the Signing of the MOA on the Interconnection of PDS Settlement Highway (PSH) and BSP PhilPaSS, Bangko Sentral ng Pilipinas, Manila, 29 August 2007.