The Philippine economy likely sustained its strong growth pace in the last three months of the year, an investment bank and a private university said in a joint report, pointing to infrastructure spending as the main driver.

“With the growth momentum back in [the] third quarter and a strong start in [the] fourth quarter, we think our early forecast of 6.5 percent to 7 percent GDP (gross domestic product) growth for 2017 will easily play out,” bank First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest issue of The Market Call.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details