[W]e are confident that with the reforms in place, the country will maintain its momentum and continue on the path to growth.
Philippine economy buoyed with more confidence and optimism than ever.
This is above market expectations, and is higher than the GDP recorded last quarter (6.5%) and also during the first quarter of 2015 (5.0%).
We have achieved significant socioeconomic progress over the last five years with the return of political and economic stability.
We attribute these remarkable improvements in spending performance to two main factors—infrastructure spending and reforms aimed at accelerating budget execution.
Recent survey results affirm the positive changes that this growth has prompted in our Bosses’ lives.
The 6.3-percent growth in the last quarter of 2015 affirms that the economy is indeed steadily traversing the higher growth path, building on the solid efforts by both public and private sectors.
The Philippines has kept its quarterly average growth rate of 6.0% for the duration of the Aquino administration, pushing the six-year moving average of real GDP growth at 6.2% as of 2015—the highest since 1978.
Read Secretary Balisacan’s statement on the 2015 Q4 and full-year performance of the Philippine economy.