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Home>>Daily News>>Philippines>>Economy>>Philippines revises Q2 GDP to 6.7% from 6.5%

NEWS UPDATES Asean Affairs   November 16,  2017  








 


Philippines revises Q2 GDP to 6.7% from 6.5%

The Philippine economy grew by 6.7 percent in the second quarter of 2017, the Philippine Statistics Authority (PSA) said Wednesday, citing revised estimates in the national income accounts.

"Gross domestic product (GDP) for the second quarter of 2017 was revised upward from 6.5 to 6.7 percent," the PSA said.

"The PSA revises the GDP estimates based on an approved revision policy, which is consistent with international standard practices on national accounts revisions," it said.

Revising the quarterly GDP numbers is a regular step done by the statistics office.

The PSA reported earlier a second quarter growth rate of 6.5 percent.

"The top three contributors to the upward revision were financial intermediation; construction; and real estate, renting and business activities," the PSA said.

The GDP measures the value of goods and services produced by a nation in a given period.

The revision comes a day before the PSA is set to release the third quarter GDP data.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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