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(Eagle News) — The Philippine economy posted a growth of 5.9 percent in the third quarter of 2023, the Philippine Statistics Authority said on Thursday, Nov. 9. According to the National Economic and Development Authority, this makes the Philippines the fastest-growing economy among major emerging economies in Asia that have released their third-quarter Gross Domestic Product data. Vietnam’s growth for the same period was at 5.3%, Indonesia’s and China’s at 4.9%, and Malaysia’s at 3.3%, […]
(Eagle News) — The Philippine economy posted a growth of 6.4% in the first quarter of 2023. According to the Philippine Statistics Authority, this was the “lowest growth registered after seven quarters when the country started to recover from the pandemic in the second quarter of 2021.” The PSA said the following were the major contributors to the Philippine economy’s first quarter growth for 2023: Wholesale and retail trade repair of motor vehicles and motorcycles, […]
(Eagle News) — Philippine economic growth accelerated by 7.6% in the third quarter of 2022. According to the Philippine Statistics Authority, the 7.6% growth reported in the July and September period is faster than the 7.5% growth reported in the second quarter. The PSA said the main contributors to the third quarter growth were the following: Wholesale and retail trade Repair of motor vehicles and motorcycles, 9.1 percent Financial and insurance activities, 7.7 percent Construction, […]
(Eagle News)——The Palace on Thursday, Aug. 9, defended President Rodrigo Duterte’s environmental policies which Socioeconomic Planning Secretary Ernesto Pernia said partly contributed to the slowing down of the growth of the Philippine economy in the second quarter. According to Presidential Spokesperson Harry Roque, in the first place, the government does “not approach policy on purely economic and financial basis.” “The President of course will exercise the power of the state, known as police powers, to protect also […]
