Economists: Latest data point to 7.1% Q1 growth

Apr 24, 2023 12:19 am

LATEST indicators point to the economy having grown by 7.1 percent in the first quarter, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) economists said in a new report.

'[M]ost recent economic data caught our eye to justify optimism regarding Q1 economic expansion, albeit with a caution engendered by the world economy's weakness and still elevated domestic inflation,' the April issue of FMIC and the UA&P's Market Call states.

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