Healthy fiscal condition seen sustaining growth 0 SHARES Share it! Share TweetBy Chino S. LeycoThe national government’s healthy fiscal condition would remain a major pillar for the country’s economic growth in the coming quarters, the Department of Finance (DOF) said Friday. The third-quarter growth, driven by the uptick in government catch-up spending plan, brought the gross domestic product (GDP) average to 5.8 percent in January to September. Growth in private sector construction, meanwhile, nearly doubled to 19.1 percent last quarter from 10.4 percent a year ago. The double digit growth in construction tempered the deceleration in manufacturing activities.

Source: Manila Bulletin November 09, 2019 14:02 UTC