PH economy grows 5.9 percent from July to September 2023

SunStar Publishing Inc.

THE Philippine economy grew at 5.9 percent in the third quarter of the year, from July to September 2023, the Philippine Statistics Authority said Thursday, November 9, 2023.The PSA said the country's gross domestic product , or the total value of goods and services produced in a certain period, which is the gauge of the growth of the economy, went up to 5.9 percent from 4.3 percent in the second quarter, from April to June 2023.

“We remain committed to fully implementing the strategies and the transformation agenda outlined in the Philippine Development Plan 2023-2028. The government is currently assessing our progress concerning the target outcomes and the strategies identified in the PDP. This Philippine Development Report will provide the necessary guidance on the way forward,” said Balisacan.

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