Q3 economic growth may top 7% - official

Reuters

Posted at Oct 12 2010 03:57 PM | Updated as of Oct 13 2010 08:45 PM

MANILA, Philippines - The local economy may expand more than 7% in the third quarter from a year earlier, supported by strong exports and higher private sector investment, a senior Finance official said on Tuesday.

Gil Beltran told reporters full-year gross domestic product growth may exceed 6% this year, surpassing the government's estimate of 5% to 6%.

The government will announce official GDP data in November.