Economy expected to grow 6.6% in Q4

Strong consumer and government spending will likely boost Philippine economic growth to 6.6 percent in the last three months of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report.

“[E]conomic performance will slightly be better in the fourth quarter, getting [an] extra push from NG (national government) and holiday-spree consumer spending as [the] 2019 May election campaign begins to heat up,” FMIC and the UA&P said in the latest issue of “The Market Call.”