Philippines' Q3 GDP growth at 0.4%, weaker than forecasts

The Philippine economy grew a seasonally adjusted 0.4 percent in the third quarter from the previous three months, well below economists' forecasts, on slower growth across all sectors, the government said on Thursday.

Economists polled by Reuters had forecast the economy would grow at a slower quarterly pace of 1.4 percent, after growth of 1.9 percent in the June quarter.

Economic planning Secretary Arsenio Balisacan said in a media briefing it would be a "big challenge" to hit the low end of the 2014 growth target of 6.5 to 7.5 percent.