Tag: GDP figure

Philippines economy grows 6.9 percent, beats forecasts

MANILA , Philippines (AFP) — The Philippines’ economy grew a better-than-expected 6.9 percent in the first quarter, the government said Thursday, putting it on track to meet full year targets and making it one of Asia’s best performers for the three month period. The GDP figure beat economist forecasts of about 6.6 percent, and marks the highest quarterly growth in the Philippines since the end of 2014. It was achieved despite a drought-ravaged farm sector […]