Philippine Q3 GDP growth 'much better than consensus forecast' -Finance Minister

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MANILA : Philippine economic growth in the third quarter was 'much better than consensus forecast', the finance minister said on Thursday ahead of the official release of data.A slew of positive data, including the lowest unemployment rate since the start of pandemic, strong remittance inflows and a rise

MANILA : Philippine economic growth in the third quarter was"much better than consensus forecast", the finance minister said on Thursday ahead of the official release of data.

A slew of positive data, including the lowest unemployment rate since the start of pandemic, strong remittance inflows and a rise in reserves supported better than expected gross domestic product growth in the July to September period, Finance Secretary Benjamin Diokno told Reuters.Analysts polled by Reuters forecast third-quarter GDP grew 6.3 per cent on an annual basis. Official data will be released at around 0200 GMT.

 

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