Philippines Q1 GDP up 2.8% on year, lower than expected

MANILA — The Philippine economy PHGDP=ECI grew 2.8% in the first quarter, the country’s statistics agency said on Thursday, lower than forecast, constrained by the crisis in the Middle East and a delayed budget passage. Economists in a Reuters poll had expected first quarter gross domestic product growth to reach 3.5%. “The lingering effects of oil prices and (the impact) on supply chains […] The post Philippines Q1 GDP up 2.8% on year, lower than expected appeared first on Interaksyon.