Q1 growth of 5.7% short of expectations

May 10, 2024 12:23 am

(UPDATE) THE economy grew 5.7 percent in the first quarter this year despite strong domestic and international headwinds, the Philippine Statistics Authority (PSA) reported on May 9.

The result — up from 5.5 percent in the last three months — was lower than the 6.4 percent recorded in the previous year and the 5.9 percent median projection by economists in a The Manila Times poll.

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