At least 6.5% GDP growth in for Q3 – First Metro
There’s no way but up for the Philippine economy.
Analysts at the First Metro Investment Corp. said the economy is likely to zoom ahead during the third quarter, with all signs pointing to faster growth so far this year.
“We see another 6.5% or better expansion in GDP for Q3, as consumer spending should kick up following above 12% peso-remittance gains in the three months ending July and national government spending in its fourth consecutive month of double-digit rise by August,” FMIC said in its October issue of “The Market Call.”
This will be faster than the 6.4% average growth between January to June, and any figure faster than 6.5% will make the third quarter as the fastest-growing period for 2017 so far.
It will also lift the running average to the 6.5-7.5% growth target set by the Duterte administration.