The ongoing eruption of Taal volcano near Manila is not expected to dent economic growth in the first quarter, with farm and property damage limited to surrounding towns, Planning Secretary Ernesto Pernia said.
MANILA: Philippine economic growth accelerated further in the fourth quarter after the government boosted infrastructure spending.
Gross domestic product expanded 6.4% in the October to December period, picking up pace from 6% in the third quarter, the Philippine Statistics Authority said in a briefing in Manila.
The showing matched the median forecast among 23 economists surveyed by Bloomberg.
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