Monday 22 October
Powered by Ajaxy
May 10, 2018 @ 16:25

PH economy remains king with 6.8% growth


The Philippines remains one of the fastest-growing economies in the region.

The economy grew by 6.8 percent in the first quarter, coming from 6.5 percent during the fourth quarter, the National Economic and Development Authority (NEDA) said.

NEDA Secretary Ernesto Pernia said this is the 10th consecutive quarter when growth clocked in at 6.5 percent or better, and logs next to Vietnam’s 7.4 percent expansion.

Industry led growth at 7.9 percent given rapid growth in manufacturing and construction.

“This indicates that our Build Build Build program is gaining ground,” Pernia said.

Services grew by seven percent even as farm output growth weakened to 1.5 percent.

This compares to 7-8 percent growth for 2018.

Please follow and like us:

Tags: , , ,

Related Stories
The energy arm of conglomerate Ayala Corp. is investing at least $40 million in a
Air Asia Philippines is seeking more seat entitlements to China to serve the growing demand.
Singapore Airlines said Friday it has stopped accepting lion bones for cargo after the carrier
Automation will soon make millions of low-skilled jobs -- from cashiers and machine operators to


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.