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Philippine GDP grew 2.1% in the third quarter, dragged down by high inflation.

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Nikkei Asia · · Source

🇵🇭 Philippines · Map

Philippine GDP grew 2.1% in the third quarter, dragged down by high inflation.

Philippine GDP grew 2.1% in the third quarter, dragged down by high inflation.

The Philippine economy expanded 2.1 percent year-on-year in the third quarter as accelerating inflation continues to hurt household spending, casting doubt on whether the government will meet the growth target it has already lowered this year.

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