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Economy in record 1st-quarter surge

Posted by Michille on May 31st, 2007

The economy grew at its fastest rate in nearly 20 years in the three months to March, expanding 6.9 percent from a year earlier with the services sector leading the jump.

“The Philippines is on a roll,” President Arroyo said in a statement issued from Australia, where she is on a state visit.

“We have just received the report of our first quarter performance and we’re happy to say that the Philippines grew 6.9 percent in the first quarter of 2007. This is the fastest in almost two decades,” Mrs. Ar­royo said.

MANILA TIMES!

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