World Economy

Philippines Trims Q4 GDP Growth

Philippines Trims Q4 GDP GrowthPhilippines Trims Q4 GDP Growth

Philippine economic growth in the fourth quarter of 2014 was revised to 6.6% from 6.9%, but the full year expansion remained at 6.1%, the statistics agency said on Wednesday, Reuters reported. Full year GDP growth in 2013 was also revised to 7.1% from 7.2%, the Philippine Statistics Authority announced on its website ahead of the release of first quarter GDP data on Thursday. The Southeast Asian country is expected to post slower first quarter growth, but a sharp slowdown could raise the chances of monetary easing as weak public spending drags on the economy.