5 months Research: PH GDP for 2019 still at 6% Manilatimes |Biz
PRIVATE consumption would help the Philippines post an economic growth rate of 6.0 percent for this year, according to ANZ Research. In a report over the weekend, ANZ Research said it continued “to expect GDP (gross domestic product) growth at 6.0 percent in 2019. Although private consumption is likely to remain firm, public expenditure and investment are not likely to recover until Q3 (third quarter).” The current figure was a reduction from the 6.1 percent ANZ Research initially projected for the country, and is also lower than the 6.2 percent posted in 2018. It, however, falls at the lower end ... more