The Philippines’s economic output in the second quarter was revised upward to 7.5 percent from a preliminary estimate of 7.4 percent, according to the state statistical agency.
THE Philippines’s economic output in the second quarter was revised upward to 7.5 percent from a preliminary estimate of 7.4 percent, according to the state statistical agency.
Furthermore, the PSA said the growth rate of net primary income from the rest of the world was also revised upward to 65.3 percent from 64.8 percent. The PSA said it revises the GDP estimates based on an approved revision policy which is consistent with international standard practices on national accounts revisions.
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