FIRST METRO INVESTMENT, UA&P:‘PH economy likely grew in Q3 on investments, exports’home/Business/Top Business/‘PH economy likely grew in Q3 on investments, exports’ROBUST private and public spending, as well as increased exports, likely caused the Philippine economy to rise by more than 6 percent in the third quarter of 2018, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report on Tuesday. FMIC and UA&P, meanwhile, underscored a “more robust” growth in exports in the third quarter. They emphasized that the Philippines’ export performance bucked the previous lackluster trend, recording its second monthly gain at the start of the quarter. Exports increased by 0.3 percent year-on-year to $5.8 billion in July, following the 2.8 percent gain in June. GDP growth fell below expectations in the second quarter at 6.0 percent, bringing first-half expansion to an average of 6.3 percent, lower than the government’s revised 6.5-6.9 percent target.

Source: Manila Times October 30, 2018 16:30 UTC