BusinessWorld E-paper
January 27, 2023
THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook.
Economic output grew by 7.2% in the three months through December from a year earlier, according to the local statistics agency, bringing the full-year expansion to 7.6%. This was better than the 7.5% estimate by economists in a BusinessWorld poll.
