Philippine GDP data

MANILA: Philippine economic growth accelerated in final quarter of 2015, boosted by a burst in government spending, but fell short of the official full-year target. Gross domestic product (GDP) grew 6.3 per cent in last three months of 2015. Full-year growth, however, averaged 5.8 per cent, below government’s target of seven to eight per cent. Growth in past six years under President Benigno Aquino, who steps down in June, averaged 6.2 per cent.