The Star Bulletin - Daily News Updates

gdp

PH economy expands faster at 7.6% Q3

PH economy expands faster at 7.6% Q3

According to the Philippine Statistics Authority (PSA), the Philippine economy grew faster at 7.6 percent in the third quarter than at 7.5 percent in the second quarter. This is higher than the revised gross national product (GDP). Dennis Mapa, PSA Undersecretary, stated that this was the sixth consecutive quarter of economic growth. The country's GDP growth between July and September 2022 was also higher than that of the 7 percent increase over the same period in 2021. "The third quarter GDP exceeded the median analyst prediction of 6.3 percent," Secretary Arsenio Balsacan, National Economic and Development Authority (NEDA), stated. Balisacan…
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