Moody’s Expects PH 4Q GDP Growth to Reach 6.6%

Moody’s Analytics expects the Philippine economy to have grown by 6.6 percent in the fourth quarter of 2013, saying the impact of Super Typhoon “Yolanda” was likely more moderate than initially expected. Should the think tank’s forecast prove correct, the economy’s full-year growth for 2013 settled at 7.2 percent, exceeding the government’s official target of between 6 and 7 percent.

The Philippine Statistical Authority (PSA), the newly created agency consolidating all the government’s statistics agencies into one, will announce the official gross domestic product (GDP) growth figure for 2013 on Thursday.

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Source: Philippine Daily Inquirer

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