Philippine GDP Growth Beats Estimate in Boost to Aquino Goal
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The Philippine economy grew faster than economists estimated last quarter as manufacturing rose, in a boost to President Benigno Aquino’s goal of luring more investment to create jobs. The peso rose.
Gross domestic product increased 6.4 percent in the three months through June from a year earlier, the Philippine Statistics Authority said in Manila today, after rising 5.6 percent in the previous quarter. The median estimate of 22 economists in a Bloomberg survey was 6.1 percent.