Philippines turns corner in Q3 but recovery may be slow: economists

THE Philippine economy may have turned the corner in the third quarter, but growth momentum is likely to remain weak in the coming months, said economists, responding to official figures on Nov 10.

Gross domestic product (GDP) fell 11.5 per cent year on year in the third quarter, slowing from Q2's 16.9 per cent fall but underperforming economists' expectations of a 9.6 per cent fall.

On a seasonally-adjusted quarter on quarter basis, Q3 saw a rebound of 8 per cent growth after Q2's 14.9 per cent fall.