PH economy grew 7.1% in first three months of Duterte admin

The economy grew 7.1 percent during the first three months of the Duterte administration, the Philippine Statistics Authority reported Thursday.

The gross domestic product (GDP) growth in the third quarter was faster than the 7-percent expansion in the second quarter as well as the 6.2-percent growth in the third quarter of last year.

READ: PH economy grew 7% in Q2

The government targets a conservative 6-7 percent GDP growth in 2016.

READ: Duterte economic team sees conservative growth in 2016