Q1 economic growth tops expectations

May 12, 2023 12:46 am

ECONOMIC growth cooled to 6.4 percent in the first quarter but still beat consensus expectations of a faster slowdown amid stubborn inflation and continued interest rate hikes.

The result — down from 8.0 percent a year earlier and 7.1 percent in the last three months of 2022 — was higher than the 6.0-percent median in a Manila Times poll of economists.

Socioeconomic Planning Secretary Arsenio Balisacan. File Photo

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Marcos opens LRT-1 Cavite extension's first 5 stations

Sara says father deserves 'best dramatic actor' award

Pag-IBIG launches online public auction

President tells new Navy chief: Lead with integrity

DND unfazed by China's threat vs missile acquisition plan

Seven more Filipinos repatriated from Lebanon

Actor Ken Chan breaks silence over 'estafa' case