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Philippine GDP growth tops China

May 19, 2016 4:24 AM ETiShares MSCI Philippines ETF (EPHE)EPHEBy: Yoel Minkoff, SA News Editor
  • The Philippine economy expanded 6.9% in the first quarter of this year, dislodging China as Asia's fastest growing country.
  • The GDP figure was bolstered by strong investment growth as well as higher construction and domestic consumption ahead of elections in May.
  • Incoming President Rodrigo Duterte has pledged to retain the economic priorities of the outgoing Aquino administration, policies that led to the nation's first investment-grade ratings and its best period of growth since the 1970s.
  • ETFs: EPHE

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