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Philippines Q3 GDP y/y growth revised down to 6.9per cent from 7.1per cent

Philippines Q3 GDP y/y growth revised down to 6.9per cent from 7.1per cent

FILE PHOTO: Workers install steel rods to fortify the foundation at a construction area, high on top of a building in Makati City, metro Manila, Philippines January 25, 2017. Picture taken January 25, 2017. REUTERS/Romeo Ranoco

MANILA : The Philippine economy grew 6.9per cent in the third quarter of 2021 from a year earlier, lower than the previously-reported growth estimate of 7.1per cent, the statistics agency said on Wednesday.

The government will release fourth-quarter gross domestic product data at around 0200 GMT on Thursday, with the economy projected to have expanded at a slower pace of 6.0per cent from a year earlier, based on the median estimate in a Reuters poll.

(Reporting by Enrico Dela Cruz; Editing by Ed Davies)

Source: Reuters

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