To unexpected circumstances, the economy grew at 7.1 percent this Philippines third quarter, compared with 3.2 percent slack in 2011.
Reported by the National Statistics Coordination Board that economic growth is caused by the implemented ‘service sector’ like ‘robust performance’ of transport, storage and communication, financial intermediation, real estate, Renting and business activities and agriculture.
The palace of Malacañang is pleased to this news that beats economy on the other countries in Southeast Asia such as Indonesia which recorded a 6.2 percent said the Gross Domestic Product (GDP), Malaysia with only 5.2 percent, Vietnam with 4.7 percent, with 3 percent Thailand and Singapore with 0.3 percent.
“We were very pleased with the news that was relayed to us by NEDA director general Arsi (Arsenio) Balisacan and certainly it was beyond our expectations. We knew that it was going to be a good number,” said the presidential spokesperson, Edwin Lacierda.
Lacierda also assured of not only the entrepreneurs benefit from the growth of our GDP but also felt by ordinary people across the country.
In this regard, said the progressive legislators in the Lower House of Congress to hint that the Aquino government to the Filipino people of the country’s economic growth by providing employment and reducing poverty in the country.