Philippine Growth Quickens Less Than Estimated; Peso Falls

By
Siegfrid Alegado
and
Cecilia Yap
  • Government forecasts 6.9% growth in 4th quarter, 6% for 2015
  • Third-quarter government spending jumps 17.4% from year ago

Philippine economic growth accelerated less than analysts estimated last quarter, underscoring the external risks that policy makers are guarding against even as spending by households and the government climb. The peso fell.

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