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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools