The International Monetary Fund (IMF) estimates first-quarter growth in the Philippine economy gained pace from a year earlier, but slackened from the preceding quarter given weaker exports.
In a press briefing on Thursday, IMF Resident Representative Shanaka Jay Peiris said domestic demand fueled by low oil prices likely pushed Philippine gross domestic product (GDP) up in the first quarter of 2015 from 5.6 percent posted in the corresponding period in 2014.
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