Philippine Economic Growth Slows to 7.4% as Inflation Bites
Consumer spending fell 2.7% in 2Q versus prior quarter Slower growth puts central bank’s tightening pace in spotlight The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key growth driver. Gross domestic product grew 7.4% in the three months through J...
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