Philippines Posts 6.8% GDP Growth in 2016

The Philippine economy expanded by 6.8 percent in 2016, well within the high end of government’s six- to seven-percent target for the year. It comes despite a weaker 6.6 percent growth in the fourth quarter. The increase was faster than the 5.9 percent expansion in 2015, but still short of the 7.2 percent record in 2013. It also brings the seven-year moving average of real GDP growth rate to 6.3 percent, the highest since 1978…

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