GDP is going up again after falling in previous quarters. Significant growth are in the areas of services, domestic consumption, and government spending (infrastructure). Agriculture grew but only by 1%, and investments expected to pick up after Moody's upgrade to 'positive' in PH credit rating.
However, analysts say that the PH economic outlook is a bit worrying due to worldwide concerns such as problems in the EU economy and China's recent economic slowdown.
Comparative GDP growth of similar economies
Philippines 6.4% (second highest since Q2 2010's 8.9%)
Indonesia: 6.3% (lowest in six quarters)
Malaysia: 4.7% (slowing down)
Vietnam: 4.0% (World Bank prediction was 5.7%)
Thailand: more than 6% (forecast)