Philippines Eyes 6.7% Growth

The Philippine economy is expected to achieve its 6.7% growth target for the year following strong growth in the first three quarters, presidential spokesperson Ernesto Abella said, ABS/CBN news reported. “Household consumption, as well as investments in construction, public infrastructure and  durable equipment drove the economic growth,” he said. The Philippines will be the fastest growing economy in Asia this year with a healthy labor market, he added. Gross domestic product in the July to September period grew 7.1%, beating forecasts on the back of growing investments and a rebound in agriculture.