PHL ECONOMY GROWS AT ITS PEAK 6.8% TIED WITH CHINA - PHILIPPINE REPUBLIC NEWS

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Thursday, May 10, 2018

PHL ECONOMY GROWS AT ITS PEAK 6.8% TIED WITH CHINA








The Philippines economy grows at its peak with 6.8% for the first quarter from January to March this year, .3% lead compare to 2017 recorded in the same period with 6.5%. Gross domestic product (GDP), which measures the amount of final goods and services produced in a country determined PHL stability, but according to the government the double digit growth of spending went high, but a spoiler went across as the inflation of services tempered household spending.

Gross national income — the sum of the nation’s GDP and net income received from overseas — recorded a growth of 6.4% in the first quarter of 2018, up from 6.3% previously.

Socioeconomic Planning Secretary Ernesto M. Pernia boosted that this was the tenth consecutive quarter of the Philippine economy expanding at a pace of 6.5% or better.

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