PH GDP grew 6.1% in 2014, 6.9% in 4th quarter
MANILA, Philippines — The Philippine economy grew by 6.1 percent in 2014, slower than the 7.2-percent expansion posted in 2013, the National Economic and Development Authority announced on Thursday.
The 2014 figure was below the government’s goal of 6.5-7.5 percent growth, but within the 6-7 percent range that economic managers had said was more “realistic.”
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During the fourth quarter, the GDP growth hit 6.9 percent, faster than the 6.5 percent posted in the fourth quarter of 2013.
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Economic growth during the October to December period was also higher than the dismal 5.3 percent registered in the third quarter.
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