Philippine economy grows 6.6% in 2012
MANILA (AFP) - The Philippines said on Thursday the economy grew a faster-than-expected 6.6 per cent in 2012, cementing its status as one of the best performing in Asia.
The economy grew 6.8 per cent in the final quarter, National Statistical Coordination Board secretary general Jose Albert told reporters.
Economists had been expecting growth of just 6.4 per cent in the final quarter, according to Dow Jones Newswires.
The full-year figure also exceeded the government's target of 5.0-6.0 per cent, and was well above the expansion of 3.9 per cent in 2011.