Economy likely slowed in 2017

The Philippine economy likely slowed as the year ended capping full-year growth to below the 6.9 percent recorded in 2016.

Estimates for the October-December quarter ranged from 6.4 to 7.1 percent with a 6.6 percent average, unchanged compared to the same period last year and below the third quarter’s revised 7-percent expansion.

Full-year estimates, meanwhile, ranged from 6.6-6.8 percent. The 6.6 percent average falls just above the lower end of the government’s 6.5-7.5 percent target for 2017.

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