H2 GDP growth seen at 6.5% to 7%

Moderating inflation and sustained export gains may drive Philippine economic growth in the second half of the year beyond the 6 percent recorded for the first six months, a joint think tank report said on Monday.

First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) forecast in their November issue of The Market Call that the country’s gross domestic product (GDP) will grow between 6.5 percent and 7 percent in the last six months of 2014.