THE Philippines’ gross domestic product (GDP) could have risen at a faster rate this May and June than previously estimated and reached 7 percent for the first half of the year, according to the Singapore-based DBS.
The bank had projected GDP to grow by 5.8 percent in the second quarter of 2016, same rate as in the corresponding period of 2015 or lower than the 6.4 percent achieved in the second quarter of 2014.
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