Q2 growth showed PH economy far from overheating--BSP

THE Bangko Sentral ng Pilipinas (BSP) said the 6.5 percent Philippine gross domestic product (GDP) growth in the second quarter of the year was proof that the economy was far from overheating.

Last week, the government reported that Philippine economy grew 6.5 percent in the second quarter of 2017, accelerating from 6.4 percent in the first quarter due largely to bigger government spending amid a slack in private investment. However, it was slower than the 7.1 percent growth registered in 2016.