MANILA, Jan. 23 (Xinhua) -- The Philippines's gross domestic product (GDP) posted a year-on-year growth of 6.4 percent in the fourth quarter of 2019, resulting in the 5.9 percent full-year growth for 2019.
Philippines Statistics Authority (PSA) head Claire Dennis Mapa made the announcement at a news conference on Thursday.
The National Economic and Development Authority said the 5.9 percent growth in 2019 is "the slowest in eight years and slightly below the low-end 6.0 to 6.5 percent revised target of the government for the year."