PHL 2Q GDP better than forecast
The Philippines’ second quarter gross domestic product (GDP) turned out to be a better result than the forecast made by independent economic analysts.
The government reported that the Philippines got a 5.9 percent growth during the months of April, May and June.
The 5.9 percent growth was a higher than the 5.4 to 5.8 percent growth forecast by independent analysts but is lower than the first quarter’s GDP of more than 6 percent.
The Philippine economy grew faster than that of Malaysia’s, Vietnam’s, Thailand’s, and Singapore’s 5.4, 4.4, 4.2, and 2 percent.
It was however, slower than China’s 7.8 percent and Indonesia’s 6.4 percent.