Aug. 27 (Bloomberg) -- Philippine economic growth accelerated in the second quarter from the slowest pace in a decade, adding to signs Asian nations are recovering from the global recession. Stocks rose.
Gross domestic product increased 1.5 percent from a year earlier, the National Statistical Coordination Board said in Manila today. That was three times the 0.5 percent median forecast of 17 economists surveyed by Bloomberg News. The economy expanded a revised 0.6 percent in the first quarter, the weakest pace since a recession ended in 1998.
Click here for more details
No comments:
Post a Comment