Philippines misses GDP target due to ASF

Philippines misses GDP target due to ASF

Kagenmi | Bigstock.com

Outbreaks of African swine fever (ASF) have been given as one of the factors behind a lower-than-expected growth in the economy of the Philippines.

Despite an increase of 6.4% for the fourth quarter, GDP achieved a rise of 5.9% for the year, according to the Philippines Statistics Authority. In 2018, GDP grew 6.2%, and the government had forecast 6-6.5% for last year.