For January-September 2023, gross domestic product growth is at 5.5%, remaining below the government's full-year target of 6% to 7%
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MANILA, Philippines – The economy grew by a higher-than-expected 5.9% in the third quarter despite elevated prices of goods, the Philippine Statistics Authority said on Thursday, November 9.For January-September 2023, GDP growth is at 5.5%, remaining below the government’s full-year target of 6% to 7%. Multilateral lenders and experts expect the government to. The consequence, however, is a slowdown in economic growth. Average inflation for the year is at 6.
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