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Philippine Q2 GDP surges

08-27-2010 09:03 BJT

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The Philippine economy grew a stronger-than-expected 7.9 percent in the second quarter, from a year earlier. The GDP figure is above the government's expectations that it would fall below 7 percent.

The Philippine central government says full-year GDP now looks set to exceed this year's growth target. Details suggest the growth is mainly driven by industrial production and investment spending.

Analysts are looking for a decelerating growth in the second half of the year because of slowing external demand.

Editor:Xiong Qu |Source: CNTV.CN

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