Spending to sustain growth in Q2

The robust 6.9 percent pace of growth in the Philippine economy in the first quarter of 2016 is likely to continue in the second quarter, driven by more government spending, a private think tank report said.

“Inflation is likely to average only slightly faster in the second quarter to 1.4 percent, which is still way below the 2-percent to 4-percent target of the Bangko Sentral ng Pilipinas (BSP),” investment bank First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in their latest joint issue of The Market Call.