Second quarter economic growth will likely pick up to “at least 7 percent” given latest developments, First Metro Investments Corp. and the University of Asia and the Pacific said.

“Muscular real economy indicators, like bulked-up growth in infrastructure spending, capital goods imports and manufacturing ouptput, and foreign direct investments should carry the economy to faster GDP (gross domestic product) growth in Q2…,: they said in the July issue of The Market Call report.

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