by Bloomberg’s Cecilia Yap and Siegfred Alegado The Philippines retained its position as one of the world’s fastest-growing economies after expansion exceeded 6 percent for a sixth consecutive year. Gross domestic product increased 6.7 percent in 2017, the Philippine Statistics Authority said in Manila Tuesday, matching the median estimate in a Bloomberg survey of economists. […]
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World Bank: Philippines will continue to be Southeast Asia’s fastest-growing economy
The World Banks predicts the Philippines will continue to be the fastest-growing economy in Southeast Asia. Gross domestic product (GDP) growth is expected to hit 6.7 percent this year and the next before moderating to 6.5 percent in 2020. The estimates, however, are all lower than the government’s 7.0-8.0 target. On average, The Washington-based multilateral […]
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Philippine economy sizzles in Q3 growing 6.9%, one of Asia’s best
The Philippine economy grew by 6.9% from July to September 2017, beating analysts expectations and overtaking China in growth again. The country’s Q3 Gross Domestic Product (GDP) surpassed the midyear growth rate of 6.5 percent, and the Nomura Securities projection for a 6.7% growth rate. The national statistics agency credited manufacturing, trade, and real estate, […]
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