Q2 GDP seen growing at slowest quarterly pace in 2 years
MANILA - The Philippine economy probably posted its slowest quarterly growth rate in nearly two years in April-June due to weaker exports, a Reuters poll showed, but growth on an annual basis likely stayed above 7 percent for a fourth straight quarter.
The Philippines was the fastest-growing economy in Asia in the first quarter driven by robust consumption and government spending. But weaker global demand for its electronics exports and a slowdown in China could dampen its growth prospects.
The second quarter growth figures will be announced on August 29 (Thursday).