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.”
During the fourth quarter, the GDP growth hit 6.9 percent, faster than the 6.5 percent posted in the fourth quarter of 2013.
Economic growth during the October to December period was also higher than the dismal 5.3 percent registered in the third quarter.
RELATED STORIES
PH GDP likely grew 6%-7% in 2014, says Abad
ADB slashes PH GDP forecast for 2014
READ NEXT
8990 Holdings nets P3.3B in 2014
MOST READ
LATEST STORIES