Plunging consumer spending is writing on the wall for PH GDP
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 […]
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