Philippine economy grows more than expected on higher spending

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Source: Bloomberg
The Philippine economy growth beat economists' expectations and grew more than estimated as higher consumption and public spending boosted the strongest 6-month performance since 2010. The GDP rose 5.9% in the second quarter from a year earlier, the National Statistical Coordination Board reported. The Philippine Peso gained 0.1% to 42.295 versus the U.S. Dollar.  
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