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MANILA, Philippines—As gross domestic product (GDP) grew by 7.6 percent in 2022, economic officials expressed confidence that the Philippines will stay on a high-growth trajectory. The economy grew by 7.2 percent in the last quarter of 2022, resulting in a 46-year-high full year growth, which Malacañang said was because of President Ferdinand “Bongbong” Marcos Jr.’s […]
The post Plunging consumer spending is writing on the wall for PH GDP appeared first on Inquirer News.
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