Slowest quarterly GDP growth: P47B in output lost, household spending falls
MANILA, Philippines—The Philippine gross domestic product (GDP) slowing down for three consecutive quarters is an indication of an “economic decline,” the think tank Ibon Foundation said. As the Philippine Statistics Authority (PSA) announced, the GDP grew by 4.3 percent in the second quarter, slowing down from 7.5 percent a year ago and 6.4 percent in […]
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