StanChart sees Q1 GDP up 6.3%

STANDARD Chartered Bank said brisk growth in the construction and services sectors likely pushed Philippine economic growth to above 6 percent in the first quarter of this year from a year earlier.

Jeff Ng, StanChart Asia economist, said gross domestic product (GDP) growth may have retained a “healthy” pace of 6.3 percent in the first three months compared with the revised 6.6 percent in the fourth quarter and 5.6 percent in the first quarter of last year.