Philippines Q2 GDP Revised Upward to 2.4%, Still Below Target
The Philippines' Gross Domestic Product (GDP) growth for the second quarter has been revised upward to 2.4% from a preliminary 2.3%. However, the first-half average remains at 2.6%, falling short of the government's annual target of 3.5% to 4.5%. A slowdown to around 2% is projected for the third quarter, with a rebound anticipated by year-end due to holiday spending.
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