Economy
Philippine Economy Seen Accelerating in Q3 on Spending Pickup
The Philippine economy is projected to accelerate to 2.8% growth in the third quarter, driven by improving consumer spending and government expenditures. However, persistent weakness in domestic demand remains a concern.
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- Philippines Q2 GDP Revised Upwards to 2.4%
The Philippine statistics agency announced on Friday that the second quarter economic growth has been revised upwards to 2.4% from the previously reported 2.3%. Growth figures for the third quarter are scheduled for release on November 9.