Philippines economy slows sharply in third quarter

Growth in the Philippine economy slowed sharply in the third quarter due to weaker growth in all sectors, the government said.

Slow growth inevitable for China, 7% GDP rate the new normal: S&P

NEW DELHI: In its latest report titled 'Slower Growth In China: Inevitable, Necessary, And Now More Palatable.', Standard & Poor's Ratings Services on Wednesday said that a 7-7.5% GDP growth rate is a 'new normal' for China.