GROWTH of the Philippine economy accelerated to 6.2 percent in the third quarter of the year from 6.0 percent a year ago, the Philippine Statistics Authority (PSA) reported on Thursday.The second quarter economic growth was also up from the 5.5 percent during the second quarter of the year.Net primary income (NPI) from the rest of the world and Gross National Income (GNI) grew by 2.9 percent and 5.6 percent respectively.'We are glad to share that after two quarters of deceleration, the growth of the Philippine economy surged to 6.2 percent in the third quarter of 2019,' said National Economic and Development Authority (NEDA) Secretary Ernesto Pernia.'This means that the Philippine economy will have to expand by at least 6.7 percent in the last quarter of the year to meet the low-end of the full year target of 6.0-7.0 percent for 2019—a challenge that we are confidently taking on,' added Pernia.
