Philippine economic growth likely accelerated in the last quarter of 2014 on robust exports and stronger farm output, putting it among the fastest growing economies in the region. A retreat in government investment, however, may see it missing the official full-year target of 6.5-7.5% growth, a Reuters poll showed. From a year earlier, GDP likely grew 6.0% in the fourth quarter, faster than the previous quarter’s 5.3% annual clip. GDP rose 6.4% year-on-year in the June quarter and 5.6% in the first quarter of 2014. For the full-year, the poll predicted growth of 5.8%, which would be the weakest since 2011 when the economy grew 3.7%.
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