![\"MANILA,](\"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2016\/11\/fortune.jpg\")
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Photo by Dondi Tawatao\/Getty Images<\/em><\/p>\n \u00a0\u201cAll things considered, our economy\u2019s strong growth in the third quarter is a very good sign of things to come.\u201d Rosemarie Edillon, the Philippines\u2019 Economic Planning Undersecretary said in a statement.<\/p>\n In a figure announced by the Philippine Statistics Authority on Thursday, the country had surpassed the 6.7% median growth estimate of 15 economists surveyed by Bloomberg and matched an estimated 1.2%GDP rise against the previous quarter. The growth is also attributed to the Duterte Presidency\u2019s strong spending on infrastructure and the recovery of the agricultural sector.<\/p>\n The palace has proved the efficiency of this administration despite media continuously reporting the aggressive campaign against drugs. The news somewhat surprised experts and foreign investors after President Duterte\u2019s remarks on the US.<\/p>\n Bloomberg projects growth to expand 6% until 2018, despite the risk of a protectionism under Donald Trump and President Rodrigo Duterte\u2019s anti-U.S. tirades. The Philippines has surpassed China\u2019s third quarter growth rate at 6.7%, and Vietnam\u2019s, at 6.4%. Last quarter, India posted a 7.1% growth rate but it has yet to report its third quarter figures.<\/p>\n Sources: CNN Philippines<\/a> Bangkok Post<\/a> Fortune.com<\/a> Press Reader<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Philippines has surpassed China\u2019s third quarter growth rate at 6.7%, and Vietnam\u2019s, at 6.4%.<\/p>\n","protected":false},"author":3,"featured_media":9806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[965,966,967,119,963,964],"class_list":["post-9804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-current-events","tag-asias-fastest-growing-economy","tag-bloomberg","tag-philippine-statistics-authority","tag-philippines","tag-philippines-is-asias-fastest-growing-economy","tag-up-7-1-in-3rd-quarter"],"acf":[],"jetpack_featured_media_url":"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2016\/11\/fortune.jpg","_links":{"self":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/9804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=9804"}],"version-history":[{"count":2,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/9804\/revisions"}],"predecessor-version":[{"id":9808,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/9804\/revisions\/9808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media\/9806"}],"wp:attachment":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=9804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=9804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=9804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}