MANILA, Nov 10 (Bloomberg): The Philippine economy grew faster than expected in the third quarter, boosting the case for the central bank to tighten monetary policy further to contain inflation amid a sustained demand recovery.
Gross domestic product rose 7.6% in the three months through September from a year ago, the Philippine Statistics Authority reported Thursday, compared to a revised 7.5% in the second quarter. That’s also faster than the 6.2% median estimate in a Bloomberg survey.
