Philippine economy grows 7.1pc in third quarter

28 Nov, 2012

 

The strong performance in the July-September quarter helped push growth in the first nine months of the year to 6.5 percent, said Jose Ramon Albert, the head of the government statistics board.

 

He credited the services sector, especially transport, storage and communication, financial inter mediation and real estate.

 

Albert said the third quarter figure was a sharp improvement from the 3.2 percent growth posted in the same period last year.

 

Copyright AFP (Agence France-Presse), 2012

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