Second-quarter growth 'disappointing'

Second-quarter growth 'disappointing' – analysts

Aug 11, 2023 12:38 am

THE second quarter's lower-than-expected growth slowdown was a 'disappointing' result that could lead to the full-year result coming in below target, analysts said on Thursday.

At 4.3 percent, the gross domestic product (GDP) growth for the period marked a steep fall from the first quarter's surprisingly strong 6.4 percent. It was also much lower than the 6.0-percent median in a Manila Times poll of economists.

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