Economic Growth Accelerated, On Stronger Domestic Demand

                          

Economic Research			20 May 2016
Philippines
Economic Highlights
Economic Growth Accelerated, On Stronger Domestic Demand   The Philippines’ real GDP growth picked up to 6.9% y-o-y in 1Q 2016, from a revised +6.5% recorded in 4Q and compared with +6.2% in 3Q, bolstered by a more robust domestic demand but offset partly by a smaller government consumption. The reading in 1Q was in line with median forecast.     Economist:  Rizki Fajar  | +6221 2970 7207
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