Slower third quarter GDP growth seen

Philippine economic growth likely slowed in the third quarter as the government reimposed restrictions to curb a fresh Covid-19 outbreak, analysts said.

Gross domestic product (GDP) growth forecasts for the period ranged from 3.5 to 10.4 percent with a 5.3-percent average. While a rebound from the year earlier's 11.6-percent slump is all but certain, the final figure is expected to be lower — markedly for most analysts — than the 11.8-percent expansion seen in the second quarter.