Philippine economy grows 6.7 percent in 2017

The Philippine economy remained one of Asia's best performers last year.

Manila (AFP) - The Philippine economy grew 6.7 percent in 2017, remaining one of Asia's best performers despite a weaker business process outsourcing industry, the government announced Tuesday.

Government spending ensured the country remained one of Asia's fastest-growing major economies, behind only China and Vietnam, Economic Planning Secretary Ernesto Pernia told reporters.