Philippines Q1 GDP grows 6.4% y-o-y, slowest in 1-1/2 years
[MANILA] The Philippine economy expanded 6.4 per cent in the first quarter from a year ago, the slowest pace in 1-1/2 years and below market expectations, data from the statistics agency's website showed as of 0131 GMT.
The government is scheduled to officially release the first-quarter gross domestic product data at 10am (0200 GMT) on Thursday. The data uploaded on the website of the Philippine Statistics Authority was dated May 16.
Economists polled by Reuters had forecast the economy would expand at an annual 6.8 per cent compared with 6.6 per cent in the last three months of 2016.
The latest growth number matches the 6.4 per cent pace in the third quarter of 2015.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
BOJ will hike rates if trend inflation accelerates, says Ueda
India’s economic activity continues to expand
Thailand’s 500 billion baht stimulus project gets Cabinet approval
China finance ministry echoes Xi’s call for bond trading at PBOC
Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says
Silent and brooding, Trump endures courtroom ordeal