Global Economic News

Philippines GDP Slows To 5.2% On Year In Q1

The Philippines' gross domestic product expanded at just 5.2 percent on year in the first quarter of 2015, the Philippines Statistics Authority said on Thursday.

That was well shy of forecasts for an increase of 6.6 percent, and down sharply from 6.9 percent in the fourth quarter of 2014.

It also marked the slowest rate of growth since coming in at 3.8 percent the fourth quarter of 2011.

On a seasonally adjusted quarterly basis, GDP added 0.3 percent - also missing forecasts for 1.4 percent and down from 2.5 percent in the three months prior.

by RTTNews Staff Writer

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