PH economy grows 11.8%

by Anna Leah E. Gonzales - Catherine S. Valente

Aug 11, 2021 12:29 am

After five consecutive quarters of decline, the Philippine economy grew by 11.8 percent in the second quarter of the year, the Philippine Statistics Authority (PSA) reported on Tuesday.

In a briefing, National Statistician Claire Dennis Mapa said this was the highest growth recorded since the 12-percent expansion in the fourth quarter of 1988.

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