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Philippines GDP Growth Falls Short Of Expectations

Por: RTTNews Business August 10, 2023

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The Philippine growth slowed more than expected in the second quarter on a sharp fall in government spending, official data revealed Thursday. Gross domestic product posted a slower annual growth of 4.3 percent in the second quarter after expanding 6.4 percent a quarter ago, the Philippine Statistics Authority reported. The rate was weaker than economists' forecast of 6.0 percent. This was also the slowest growth in the current sequence of... + full article



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