Farm output likely pushed Q3 GDP growth over 7% – NEDA

Higher farm output may have ramped up growth in gross domestic product (GDP) in the third quarter beyond 7 percent, surpassing the expansion recorded in the second quarter and the year-earlier period, the National Economic and Development Authority (NEDA) said.

Data from the Philippine Statistics Authority (PSA) showed that agricultural production posted a 2.98 percent increase in the third quarter, with increments recorded in crops, livestock and poultry.