(Bloomberg) -- The Philippine peso strengthened after
the government said the economy grew faster than predicted in the
first quarter. Government bonds fell.
The currency ended two days of losses after the report
showed gross domestic product expanded 6.9 percent from a year
earlier, as increasing remittances from overseas workers boosted
consumer spending. Economists forecast growth of 5.7 percent,
according to the median estimate in a Bloomberg News survey.
Read more at Bloomberg Currencies News
the government said the economy grew faster than predicted in the
first quarter. Government bonds fell.
The currency ended two days of losses after the report
showed gross domestic product expanded 6.9 percent from a year
earlier, as increasing remittances from overseas workers boosted
consumer spending. Economists forecast growth of 5.7 percent,
according to the median estimate in a Bloomberg News survey.
Read more at Bloomberg Currencies News
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