PH GDP grew 5.8% in 2015
The Philippine economy grew 5.8 percent in 2015, slower than the annual rate of 6.1 percent posted in 2014, the government reported Thursday.
In the fourth quarter, the gross domestic product (GDP) expanded by 6.3 percent.
READ: Palace welcomes economic growth, cites improved gov’t spending
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The government missed its projection of “realistic” 6-percent growth for last year. The official target for 2015 was 7-8 growth. CDG
READ: Higher GDP growth expected as year ends — Abad
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