Philippines GDP Beats Forecasts in Boost for Duterte’s Plans

Updated on
  • Economy grew 7% YoY in second quarter, fastest pace in 3 years
  • Top official says government eyes 7-8% growth in medium term

Philippine Economy Grew 7% in 2Q

The Philippines economy grew faster than economists predicted last quarter, giving a boost to new President Rodrigo Duterte as he seeks to attract more investment and speed up infrastructure spending.

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