Q4 growth likely at 5.3%

Q4 growth likely at 5.3% – ING Bank

By Mayvelin U Caraballo

Nov 27, 2021 12:25 am

THE Philippines' gross domestic product would expand by more than 5 percent this quarter, putting full-year growth slightly ahead of the government's objective, according to an ING Bank Manila economist.

ING Bank Manila senior economist Nicholas Antonio Mapa said in a virtual briefing on Friday that he expects the country's gross domestic product (GDP) to rise by 5.3 percent in the fourth quarter.

ESSENTIAL GRAIN. A worker carries on his head sacks of rice from Bulacan for delivery to Kadiwa Market, in Dasmarinas City, Cavite on Thursday (Nov. 25, 2021). Several business establishments have resumed operations as the country continues to pick up from the impact of the coronavirus pandemic on the local economy. (PNA photo Gil Calinga)

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