Philippine GDP grows 4.9% in Q1

11:04, May 30, 2011      

Email | Print | Subscribe | Comments | Forum 

The Philippine economy posted a modest 4.9 percent growth in the first quarter on back of the slowdown in global trade and weaker government spending, government officials announced Monday.

The first quarter's growth is slower compared to the same period in 2010 when the country's gross domestic product rose 8.4 percent thanks to election-related spending.

"The industry-driven growth benefited from the sustained growth of manufacturing and the recovery of agriculture but tempered by the lackluster trading activities," said Romulo Virola, secretary general of the National Statistical Coordination Board.

He added that lower government spending also eased first quarter growth.

Source: Xinhua
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
The Third China-U.S.Strategic and Economic Dialogue
  Weekly review  
May 27   Kim calls for close ties through generations
May 23   China intends to enhance friendship with Japan
May 23   Expert: Ecological problems not all due to Three Gorges Dam
May 24   Top military official's visit promotes China-US military ties
May 28   The week in pictures
May 25   'China fever' sweeps US tourism industry
May 26   US should not monopolize cyber affairs
May 26   Salty tide hits Shanghai as drought lingers
May 25   A new chapter for China-South Africa cooperation
May 27   Military trusted most of all Chinese institutions


  • Do you have anything to say?


Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • Schiavone of Italy beats Jankovic of Serbia 2-1 at French Open
  • Kuznetsova beats Hantuchova 2-1 at French Open
  • Greeks stage massive protests against austerity measures
  • China claims champion of 2011 Sudirman Cup
  • Chinese top legislator meets with Speaker of Maldive parliament
  • Beijing-Shanghai high-speed train drops VIP section
Hot Forum Dicussion