ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Philippines' GDP accelerates to 6.3% despite 'anemic' consumption

Double-digit rise in government spending pushes Q2 growth to fastest in 5 quarters

A worker installs steel rods at a construction site in Paranaque, a city in Metro Manila.   © Reuters

MANILA -- The Philippines' gross domestic product expanded by 6.3% in the second quarter as the government lifted spending, but headwinds such as inflation remain.

Second-quarter GDP beat the 6.2% growth forecast in a Reuters poll of economists and was quicker than the 5.8% expansion in the first quarter of the year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more