BusinessWorld E-paper
May 6, 2024
PHILIPPINE economic growth likely picked up in the first quarter from the prior three-month period amid strong private consumption and government spending, but elevated inflation and interest rates could have hampered expansion, analysts said.
A BusinessWorld poll of 20 economists and analysts conducted last week yielded a median gross domestic product (GDP) growth estimate of 5.9% for the first three months of 2024.
