Philippine economy grows faster than expected at 6.9 percent

The Associated Press    Translate This Article
19 May 2016

On 19 May 2016 The Associated Press reported: The Philippine economy grew faster than expected at 6.9 percent in the first quarter from the same period a year ago, its highest quarterly growth in almost three years, officials said Thursday as the government prepares to hand over leadership to the incoming administration. Economic Planning Secretary Emmanuel Esguerra said the robust performance shows the economy's continuing high-growth trajectory. Esguerra said it is important not to miss the current wave of foreign investments in the region, where the Philippines is now a destination of choice. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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