BREAKING: The Philippine economy grew at an annual rate of 7.2% in the fourth quarter, the statistics agency said on Thursday, beating expectations.
The Philippine economy grew at an annual rate of 7.2% in the fourth quarter, the statistics agency said on Thursday, beating expectations.
Economists in a Reuters poll had expected gross domestic product to rise 6.5% in the last three months of 2022 from a year earlier. Third quarter growth was 7.6%. On a quarter-on-quarter basis, GDP came in at 2.4% in October-December, compared with expectations for a 1.5% rise and the previous quarter’s 2.9% growth.
For the full-year of 2022, growth was 7.6%, above the government’s target of 6.5 to 7.5%, and stronger than the previous year’s 5.7% expansion. —Reporting by Neil Jerome Morales and Enrico dela Cruz; Writing by Karen Lema; Editing by Martin Petty
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH-US patrol in West Philippine Sea ‘on the table,’ says RomualdezPhilippine Ambassador to the United States Jose Manuel Romualdez said Tuesday there is a serious discussion between the Philippines and the United States on conducting joint patrols in the West Philippine Sea.
Read more »
US Defense chief Austin planning to visit Philippines — envoyPhilippine Ambassador to the United States Jose Manuel Romualdez on Thursday disclosed that United States Defense Secretary Lloyd Austin has been planning to visit the Philippines.
Read more »
Ambassador Romualdez: US ‘finds’ PH ‘refreshing’ under Bongbong MarcosMANILA, Philippines — The United States (US) is seeing the Philippines as “refreshing” under the leadership of President Ferdinand Marcos Jr. In an ANC Headstart interview on Thursday,
Read more »
Philippine Investment Conference
Read more »
Gary Valenciano weighs in on ‘Philippine time,’ draws mixed reaction from netizensGary Valenciano caught the attention of netizens after sharing his sentiments on “Filipino time” — a phenomenon used to describe Filipinos who usually arrive late on certain engagements due to traffic or unpredictable weather. | HMallorcaINQ
Read more »
For your consideration: 5 TV shows based on Philippine mythologyFor your consideration: 5 TV shows based on Philippine mythology | via scoutmagph
Read more »