prosegue inarrestabile la corsa dell’economia filippina

Investi Filippine


MANILA, Philippines (3rd UPDATE) – Defying economists’ expectations, the Philippine economy grew 7.8% in the first quarter of 2013, the highest since President Benigno Aquino III took office in 2010.

In a press briefing on Thursday, May 30, National Statistical Coordination Board Secretary-General Jose Ramon Albert said the surprisingly high gross domestic product (GDP) growth was driven mainly by the strong expansion of the manufacturing and construction sectors.

He said robust household and government spending also helped.

The figure was better than the government’s 6% to 7% target — also the goal for full-year 2013 — and faster than the revised 7.1% bounce recorded in the previous quarter, and the 6.8% climb in 2012.

Compared to neighbors, the Philippines also performed better.

Socioeconomic Planning Secretary Arseniio Balisacan said the country’s growth was the highest in East and Southeast Asia, particularly China’s 7.7%, Indonesia‘s 6%, Vietnam’s 5.9%…

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