Philippines trims Q4 GDP growth to 6.6% from 6.9%

[MANILA] Philippine economic growth in the fourth quarter of 2014 was revised to 6.6 per cent from 6.9 per cent, but the full year expansion remained at 6.1 per cent, the statistics agency said on Wednesday.

Full year GDP growth in 2013 was also revised to 7.1 per cent from 7.2 per cent, the Philippine Statistics Authority announced on its website ahead of the release of first quarter GDP data on Thursday.

The Southeast Asian country is expected to post slower first quarter growth, but a sharp slowdown could raise the chances of monetary easing as weak public spending drags on the economy.

REUTERS