Financial Times FT.com

The global food crisis

Philippines economy returns to growth

By Roel Landingin in Manila and Justine Lau in Hong Kong

Published: August 27 2009 06:19 | Last updated: August 27 2009 13:01

A big jump in government outlays and stronger household spending helped the Philippine economy return to growth in the second quarter.

Gross domestic product rose a seasonally adjusted 2.4 per cent in the April-June period from the first quarter, the strongest result since the beginning of 2007 and reversing the revised 2.1 per cent drop posted in the first quarter.

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