Q3 slowdown less than expected

By Anna Leah E. Gonzales

Nov 10, 2021 12:26 am

THE Philippine economy slowed in the third quarter but not as steeply as predicted, raising the chances that the government's downwardly-revised 2021 target will be met.

July-September gross domestic product (GDP) growth came in a 7.1 percent, the Philippine Statistics Authority reported on Tuesday, easing markedly from the upwardly revised 12 percent posted in the second quarter.

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