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Philippines Q1 GDP growth slows to 1.1% q/q

Veejay Villafranca | Bloomberg | Getty Images

Philippines' economic growth halved in the first quarter from the previous three-month period as weak exports and agriculture hurt overall output, the statistics agency said on Thursday.

The economy grew 1.1 percent in the first quarter, below the 1.6 percent forecast in a Reuters poll, and slower than the upwardly revised 2.1 percent in October-December.

From a year earlier, first quarter growth was 6.9 percent, picking up from 6.5 percent in the fourth quarter and stronger than a forecast 6.6 percent.

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