THE Philippines overtook Vietnam and Malaysia to become South-east Asia’s fastest-growing economy last year, with expansion driven by consumption, services and investment. Gross domestic product expanded 5.6 per cent, surpassing the median 5.5 per cent growth seen in a Bloomberg survey of economists. The economy grew at a similar pace from a year ago in the final quarter of the year, while on a quarter-on-quarter basis, it clocked 2.1 per cent. Stocks extended their gains to more than 1 per cent after the data. The peso held its loss, with the currency slipping 0.1 per cent against the US dollar. https://www.businesstimes.com.sg/international/asean/philippine-economy-posts-south-east-asias-quickest-expansion (ICE SINGAPORE)

Fonte notizia: The Business Time, 31 January 2024