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.
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