The Philippines’ economic growth in the third quarter of 2022 was maintained at 7.6%, the same as what was initially reported in November last year, data released by the Philippine Statistics Autho…
The Philippines’ economic growth in the third quarter of 2022 was maintained at 7.6%, the same as what was initially reported in November last year, data released by the Philippine Statistics Authority showed Wednesday.
In a statement, the Statistics authority said that although the third quarter GDP print was maintained at 7.6%, “changes were observed in all industries except public administration and defense; compulsory social activities.” The PSA revises the GDP estimates based on approved revision policy, which is consistent with international standard practices on national accounts revisions.
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