The Philippine economy may have grown as high as 8.5 percent during the second quarter of the year amid first-quarter growth momentum and election spending, a top First Metro Investment Corp. (FMIC) official said.
FMIC President Roberto Juanchito Dispo said the company projects second-quarter gross domestic product (GDP) growth to easily exceed 8 percent as the economy benefited from strong consumption spending fueled by election expenditure and government infrastructure outlay.
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