Economic Indicators

Philippines’ Q1 GDP slows to 6.4%, beats forecast

05/10/2023
Less than a minute

2023.05.10 22:19


© Reuters. FILE PHOTO: People eat at a restaurant in Quezon City, Metro Manila, Philippines, January 26, 2023. REUTERS/Lisa Marie David

MANILA (Reuters) – The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, weaker than the previous quarter’s downwardly revised 7.1% growth.

Analysts polled by Reuters had expected first quarter gross domestic product (GDP) to grow 6.1% on an annual basis.

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05/10/2023
Less than a minute

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