As economic sanctions loom over the Philippines as a result of the increasing tension between the Philippines and Taiwan what kind of effect will it have on the two countries?
NSCB: PH grew 7.2% in Q3 2012, not 7.1%
MANILA, Philippines (UPDATED) - The National Statistical Coordination Board (NSCB) raised the Philippines' 3rd quarter gross domestic product (GDP) growth to 7.2% from the initially reported 7.1%.
This means the Philippines grew 6.5% in the first 9 months of 2012, the same level before the revision.
"NSCB has a revision policy. Preliminary estimates for Q3 last November are based on 60-day data, while what we released today is based on 90-day data," the agency's director general Jose Ramon Albert explained on Wednesday, January 30.
The revision supports forecasts that, for the full year 2012, the local economy grew higher than government's goal of 5% to 6%.
NSCB will release the official GDP data for 2012 on Thursday, January 31. - Rappler.com
EDITOR'S PICK
-
-
New high: PSEi breaches 7,400
The PSEi continues its post-election rally as it nears the 7,400 mark
- >Mining reform bill a priority in next Congress
- >Gokongwei-led JG Summit earnings down 1% in Q1
- >Govt may float bonds for MRT-3 takeover
- >Power outages not supply related - DOE
- >Anchor Land Q1 income jumps 13% to P295-M
- >Facebook outlook still muddled one year after IPO
- >Day after polls, PSEi breaks 7,300 barrier
