Thursday, June 21, 2018
Close  
  • share this

PH GDP slowed to 6.4% in Q1 of 2017

By: - Reporter / @bendeveraINQ
/ 10:13 AM May 18, 2017

Amid recovery in the agriculture sector, robust trade and manufacturing growth as well as sustained strong domestic demand, the Philippine economy expanded 6.4 percent year-on-year in the first quarter, the government reported Thursday.

The figure, however, was below previous forecasts of economic managers placing it 6.9-7 percent.

The first-quarter gross domestic product (GDP) growth was slower than the 6.6-percent expansion during the fourth quarter of last year.

ADVERTISEMENT

It was also slower than the 6.9 percent posted in the first quarter of 2016, during which economic growth was boosted by election-related spending.

For 2017, the government targets 6.5-7.5 percent GDP growth, following last year’s 6.9-percent expansion.

RELATED STORIES

GDP expansion in 1st quarter seen at 6.9%

7% GDP growth seen in Q1

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: economic growth, economy, GDP, Gross Domestic Product
For feedback, complaints, or inquiries, contact us.
newsinfo

Peace talks still a go

June 22, 2018 06:25 AM

newsinfo

Priests remember Sin on 13th death anniversary

June 22, 2018 06:15 AM

newsinfo

Puno body: No term extensions for Rody, Leni

June 22, 2018 06:05 AM

sports

Big boost for Bolts

June 22, 2018 05:45 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.