BusinessWorld E-paper
November 11, 2022
THE PHILIPPINE ECONOMY expanded faster than expected pace in
the third quarter, putting it on track to beat the government’s full-year target but faces headwinds from soaring inflation and rising interest rates.
Preliminary data from the Philippine Statistics Authority (PSA) showed the
gross domestic product (GDP) grew by 7.6% in July to September, slightly faster than the revised 7.5% growth in the second quarter and 7% a year earlier.
