Philippine GDP Expands at Slowest Pace in More Than a Year
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The Philippine economy grew at the slowest pace in more than a year last quarter, with damage from Super Typhoon Haiyan further crimping the outlook for full-year expansion before a reconstruction boost.
Gross domestic product rose 7 percent in the three months through September from a year earlier, compared with a 7.6 percent gain in the previous quarter, the National Statistical Coordination Board said in Manila today. The median estimate in a Bloomberg News survey of 21 economists was 7.1 percent.