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Philippine economy sees 6.5% GDP growth in fourth quarter of last year

Philippine Daily Inquirer/Asia News Network
January 30, 2013, 12:05 am TWN

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MANILA -- Benefiting from robust consumer spending and improving investment climate, the Philippine economy was expected to have maintained a robust 6.5-percent growth in the fourth quarter of 2012 and remained one of the fastest-growing economies in the region.

This was according to Moody's Analytics, which said in a report released Monday that the healthy pace of economic expansion that the Philippines registered in the first three quarters of 2012 was likely maintained in the last three months of the year.

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