BusinessWorld E-paper
January 28, 2022
THE PHILIPPINE ECONOMY expanded more than expected in 2021, as looser restrictions
spurred more business activity and consumer spending in the fourth quarter
Preliminary data by the Philippine Statistics Authority (PSA) showed gross domestic product (GDP) accelerated by 7.7% in the October to December period, picking up from the revised 6.9% in the third quarter and a turnaround from the 8.3% drop in the fourth quarter of 2020.
