Farm output growth misses 2018 goal

FARM OUTPUT rebounded in the fourth quarter to post a slight expansion, but was not enough to push the full-year growth to reach the government’s target, according to data the Philippine Statistics Authority (PSA) released on Wednesday.

The value of total farm production grew 1.8% in the October-December period, the PSA reported, a recovery from the 0.83% contraction logged in the third quarter but slower than the previous year’s 2.26%. This was the fastest quarterly pace of growth seen last year, surpassing the first and second quarter’s 1.47% and 0.07%, respectively.

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