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Philippine Economy grows 7.8 percent in 1st Quarter

First quarter of the year 2013, Philippine economy grew 7.8% in the 1'st quarter, this growth is the highest in Asia, according to the National Statistical Coordination Board (NSCB).

Philippine Economy grows 7.8 percent in 1st Quarter
Image From: yahoo.com

Other Asian countries GDP on its first quarter growth this year are Indonesia grew by 6 percent, Thailand by 5.7 percent, Vietnam by 4.9 and China by 7.7 percent.

And this 7.8 percent growth on economy is also the highest so far under President Noynoy Aquino's administration.

Deputy Governor Diwa Guinigundo of Bangko Sentral ng Pilipinas said, " the first quarter growth was expected to be "impressive", as suggested by various demand indicators."

Meanwhile, NSCB revised the 2012 GDP growth to 6.8 percent from an earlier 6.6 percent, after the fourth quarter GDP figure was hiked to 7.1% from 6.8%.

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