Q3 economic growth seen higher at 5.8-6.5%

The Philippine economy likely strengthened in the third quarter, analysts polled by The Manila Times said, with robust demand, ramped-up government spending and strong services and industry sectors offsetting weak exports and agricultural output.

Gross domestic product (GDP) growth may have accelerated by 5.8 percent to 6.5 percent in July to September period, the analysts said, up from the second quarter’s 5.6 percent and the 5.3 percent recorded a year earlier.|