The Philippine economy continued to gain momentum in the third quarter, outperforming many of its more China-reliant peers in Southeast Asia with the help of strong private consumption and increased public spending, but falling short of government growth-targets.
The nation’s gross domestic product expanded 6.0% in the July-September quarter from a year earlier after rising a revised 5.8% in the second quarter, the Philippine Statistics Authority said Thursday. A median forecast of 11 economists in a Wall Street Journal poll projected third-quarter growth at 6.2%. Details