By Daniel Hunter

The Philippines government have said that weaker growth in all sectors is behind a slowdown in the economy.

The economy grew by 5.3% from July to September from a year ago, well below market expectations of a 6.6% rise.

Finance Secretary Cesar Purisima told the BBC that the government still had a lot of fiscal spending room to accelerate expenditure.

"The elements for growth are all there. Although this is a bump in the road we believe the trajectory for the economy is still pointed in the right direction," he said.

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