KONTAN.CO.ID - MANILA. The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, topping expectations. On a quarter-on-quarter basis, growth slowed to 1.1% from the earlier reported 2.4% expansion in the previous three-month period. Analysts polled by Reuters had expected first quarter gross domestic product (GDP) to grow 6.1% on an annual basis.
Philippines Q1 GDP Slows to 6.4%, but Faster than Forecast
KONTAN.CO.ID - MANILA. The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, topping expectations. On a quarter-on-quarter basis, growth slowed to 1.1% from the earlier reported 2.4% expansion in the previous three-month period. Analysts polled by Reuters had expected first quarter gross domestic product (GDP) to grow 6.1% on an annual basis.