Economy ‘showed signs of doing better’ in Q3

Economic growth likely picked up in the third quarter despite global volatility, with increased government spending offsetting weakness in exports and the agricultural sector, a private think tank report said on Monday.

“While the global economy groaned with the Greek crisis and [with the] China stock market meltdown and economic slowdown, the Philippine economy showed signs of doing better in the third quarter,” investment bank First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in their latest joint issue of The Market Call.