Philippines: Q2 GDP grew on election spending – analysts

  • Aug 14, 2016

Philippines: Q2 GDP grew on election spending – analysts

Sunday, August 14, 2016 – Estimates range from 6.1% to 7.2%
THE economy likely expanded in the second quarter of 2016 year-on-year, boosted by election spending, higher government spending, and private consumption, according to analysts polled by The Manila Times.
These growth-positive inputs likely diminised the negative impact of weak exports and frail output from the agriculture sector.
The analysts are betting that the economy as measured by gross domestic product (GDP) grew by 6.1 percent to 7.2 percent in April to June, up from 5.8 percent a year earlier.
Official first-quarter GDP data is scheduled for release by the Philippine Statistics Authority this Thursday. Read More?