Monday 21 January
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 Cebu-based Aboitiz clan is spending as much as P60 billion to further grow its
Vietnam's largest private conglomerate Vingroup unveiled its first made-in-Vietnam mobile phones on Friday in the
Divorced, in his 40s and fearing a solitary future, Zhou Xinsen went online like thousands
Vietnam has already asked Google to remove more than 6,700 items since 2009, according to


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.