Philippine Economy In 1st Quarter Of 2019 Grows By 5.6%
PHILIPPINE ECONOMY – The economy of the Philippines has grown by 5.6% in the first quarter of the year 2019.
One of the vital factors that could determine the status of a country is the rate of its economy. The economy refers to the production and consumption of the goods and services in a country and as well as the resources.
With regards to the Philippines, an update about its economic rate has recently crossed the surface.
Based on a recent social media post on the Facebook page of Manila Bulletin, the Philippine Statistic Authority (PSA) revealed that the Philippine economy grew in the first quarter of year 2019.
According to the PSA, the economy of the country has increased by 5.6% in the first quarter. However, according to the government body, it is slower than the 6.5% growth in 2018.
Based on a previous report in PhilStar, in the fourth quarter of 2018, the growth of the gross domestic product (GDP) in the country was recorded at 6.1%. It was also slower than the 6.5% pace the year before it.
As of this writing, there are still no further information regarding the economic rate in PH this 2019.
We’ll keep you posted for updates.
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