PH growth path seen returning to 7% level

ECONOMIC growth could return to the 7 percent level in the second half of the year, supported mainly by the economic recovery in the second quarter and the government’s accelerated infrastructure spending, a study said on Tuesday.

First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report that the economy appears to have recovered in the second quarter as more economic indicators—like factory output, exports and government spending—emitted “positive signals” during the period.