The Philippine economy accelerated by 6.8 percent last year, the fastest pace since 2013, on the back of manufacturing, trade, and real estate activities as the main drivers of growth in the fourth quarter.
The fourth quarter of 2016 saw the gross domestic product (GDP) pick up by 6.6 percent, moderating from 7 percent in the third quarter. It was enough to boost the full-year economy accelerate by 6.8 percent, the Philippine Statistics Authority (PSA) reported on Thursday.
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