The Philippine Statistics Authority (PSA) announced a downward revision to the rate of economic growth for the fourth quarter of 2014 on Wednesday, a day before the release of official growth data for the first quarter of 2015.
The agency said in a statement the rate of growth in gross domestic product (GDP) in the last three months of last year was revised downward to 6.6 percent from the previously reported 6.9 percent.
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