Tag: 2023 Philippine economy

PHL economy grows by 5.6% in 2023

(Eagle News)–The Philippine economy grew by 5.6 percent in 2023, after expanding by 5.6 percent in the fourth quarter of the same year. According to the National Economic Development Authority, citing Philippine  Statistics Authority data, this was slower than the revised growth of 6.0 percent in Q3 2023, and was short of the government’s 6.0-7.0 percent 2023 full-year target. However, NEDA said the Philippines is still the second-fastest growing  economy among major emerging economies in […]