Economy expected to grow 6.6% in Q4home/Business/Top Business/Economy expected to grow 6.6% in Q4Strong consumer and government spending will likely boost Philippine economic growth to 6.6 percent in the last three months of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. While inflation is expected to start easing in the last two months of 2018, officials still expect the full-year average to top the target at 5.3 percent. Fourth quarter growth last year was 6.5 percent. Government spending, FMIC and the UA&P said, is expected to hit the target of 6.3 percent of GDP. Exports and remittances, FMIC and the UA&P said, should also support growth during the period.

Source: Manila Times December 03, 2018 16:30 UTC