Multilateral institutions Asian Development Bank (ADB) and International Monetary Fund (IMF) are set to revise upward their growth outlooks on the Philippine economy to reflect the country’s strong third quarter gross domestic product (GDP).
The Philippine GDP exceeded expectations in July to September, accelerating by 7.1 percent from a revised 6.2 percent a year earlier, the National Economic and Development Authority (NEDA) reported on Thursday, citing data from the statistics office.
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