PH trims Q4 GDP growth to 6.6 pct

Reuters

Posted at May 27 2015 02:32 PM | Updated as of May 27 2015 10:32 PM

MANILA - Philippine economic growth in the fourth quarter of 2014 was revised to 6.6 percent from 6.9 percent, but the full year expansion remained at 6.1 percent, the statistics agency said on Wednesday.

Full year GDP growth in 2013 was also revised to 7.1 percent from 7.2 percent, the Philippine Statistics Authority announced on its website ahead of the release of first quarter GDP data on Thursday.

The Southeast Asian country is expected to post slower first quarter growth, but a sharp slowdown could raise the chances of monetary easing as weak public spending drags on the economy.