Fourth quarter GDP grew by 6.5%, beating consensus growth forecast of 6.0%. This brought full year GDP growth to 7.2%, also above consensus growth forecast of 7.0%. The main driver of growth was resilient consumer spending and the rebound of exports. During the fourth quarter, consumer spending grew by 5.6%, bringing full year growth to 5.6%.
Meanwhile, exports continued to rebound, growing by 6.2% during the fourth quarter after rising by 16.7% during the third quarter. For the full
year, exports rose by 2.4% despite suffering from a drop during the first half of 2013.
--The content presented in this page is courtesy by COL financial--
https://ph1.colfinancial.com/ape/Final2/researchcompupdates/Downloads/2014-01-30-PH-A-Economy.pdf
No comments:
Post a Comment