philippines 3rd fastest economy in asia
'Third fastest' in Asia: Philippines' Q3 2015 GDP grows 6%
Emerging from Q2 2015 GDP of 5.8 percent, the growth expansion is reported the third fastest in Asia, following China's 6.9 percent and Vietnam's 6.8 percent.
"This growth trajectory we are seeing will likely to continue in the fourth quarter as we expect domestic demand to pick up during the holiday season. This, along with low inflation, low oil prices, and the anticipated effects of election spending on the country’s growth, supports this outlook." - Arsenio M. Balisacan, Economic Planning Secretary and NEDA Director-General