To revise or not to revise

The 2011 GDP growth rate forecast will have to be revised. It is not a question of if, but rather a question of when, the revision would take place. The growing consensus is that GDP growth this year will be in the neighborhood of 5%, not 7% to 8% as targeted by the Aquino III government. And as the year progresses more downward risks are emerging, in support of the consensus number.