By Amy R. Remo
The Philippines emerged as the fifth biggest economy among the 10-member states of the Association of Southeast Nations in 2013, based on the country’s gross domestic product (GDP) at current prices which stood at $269 billion, data from the Asean showed.
By Aries Joseph Hegina
The Philippine economy posted a 6.4 percent growth in the second quarter, making the country the second fastest growing economy in the Asian region after China, the National Economic Development Authority (Neda) said Thursday.
By Doris C. Dumlao
The Philippine domestic economy likely picked up pace in the second quarter ranging between 5.9 percent and 6.3 percent year on year on the back of robust consumer spending, economists from the country’s three largest banks said.
By Paolo G. Montecillo
Improvements in factory output and external trade numbers likely fueled faster economic growth in the second quarter of the year, research firm Moody’s Analytics said.
Economic managers are confident that the second quarter marked a return to growth upwards of 7 percent amid a surge in state spending and private investment to complement the country’s traditionally strong consumption sector.