The Philippines weathered the fastest inflation and highest policy rate in 14 years to deliver one of Asia’s strongest expansions, shoring up the economy by the most in decades amid a bleak global outlook.
Gross domestic product in the three months through December grew 7.2% from a year earlier, the Philippine Statistics Authority said Thursday, versus a median estimate for a 6.6% advance in a Bloomberg survey. Output rose 2.4% compared to the previous quarter.
