Economic team touts 4.3% 2nd quarter growth

by Niña Myka Pauline Arceo - Kristina Maralit

Aug 11, 2023 12:26 am

(UPDATE) ECONOMIC managers on Thursday boasted of a 4.3 percent growth in the economy for the second quarter of the year.

In a joint statement, the economic team composed of the heads of the Department of Budget and Management (DBM), Department of Finance (DoF) and the National Economic and Development Authority (NEDA) attributed the 4.3 percent gross domestic product (GDP) to increases in tourism-related spending and commercial investments.

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